A Canadian bank and one of the country's "Big Five," Scotiabank was founded in Halifax, Nova Scotia in 1832 to serve the Atlantic shipping trade. It grew into one of the world's largest banks, with strong reach across Canada, Latin America, and the Caribbean, offering everyday banking, credit cards, mortgages, and investments. Fun fact: legally it's still "The Bank of Nova Scotia," but it brands itself "Scotiabank" and keeps its head office in its hometown of Halifax.
Scotiabank declares quarterly dividend of $1.14 per common share, payable October 28, 2026
Shareholders may elect to receive dividends in common shares under the Bank's Shareholder Dividend and Share Purchase Plan.
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Dividend No. 629 of $1.14 per common share is payable on October 28, 2026, to shareholders of record at the close of business on October 6, 2026.
The Bank has discontinued issuing common shares from treasury under the Plan; purchases will be made in the secondary market by Computershare Trust Company of Canada.
All brokerage commissions and service charges related to Plan purchases will be paid by the Bank.
Scotiabank reported approximately $1.5 trillion in assets as of July 31, 2026.
Bank of Nova Scotia reports Q3 2026 results, completes sale of Latin American operations to Davivienda.
The Bank of Nova Scotia completed the sale of its banking operations in Colombia, Costa Rica, and Panama to Davivienda Group S.A. on December 1, 2025, receiving a 20.3% ownership interest in the combined entity.
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The investment in Davivienda Group S.A. was recognized at a fair value of $1,370 million, reflecting significant influence through board representation and ownership.
The Bank's investment in KeyCorp had a market value of $4,987 million as of July 31, 2026, up from $4,793 million on April 30, 2026.
Interest income on financial assets measured at amortized cost and FVOCI was $13,753 million for the three months ended July 31, 2026, compared to $12,848 million in the prior quarter.
The provision for credit losses, net of certain amounts, was $3,601 million for the three months ended July 31, 2026.
Deposits denominated in U.S. dollars totaled $329,956 million as of July 31, 2026, up from $317,453 million on April 30, 2026.
Bank of Nova Scotia files CEO and CFO certifications for interim period ended July 31, 2026
The Bank of Nova Scotia filed a Form 6-K on August 25, 2026, including certifications under Canadian securities legislation.
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CEO L. Scott Thomson and CFO Rajagopal Viswanathan each certified the interim financial report and MD&A for the period ended July 31, 2026.
The certifications state that the interim filings contain no material misrepresentations and fairly present financial condition, performance, and cash flows.
The certifications cover the design of disclosure controls and internal control over financial reporting, based on the COSO 2013 framework.
No changes in internal control over financial reporting during the period May 1, 2026 to July 31, 2026 were reported as materially affecting ICFR.
Bank of Nova Scotia reports consolidated capitalization of C$97.5 billion as of July 31, 2026
Total capitalization was C$97,541 million as at July 31, 2026, comprising C$6,919 million subordinated debentures and C$90,622 million total equity.
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Common equity totaled C$79,212 million, with common shares of C$21,899 million and retained earnings of C$60,391 million.
The consolidated ratio of earnings to fixed charges (excluding interest on deposits) for the nine months ended July 31, 2026 was 6.46, up from 4.73 for fiscal 2025.
Including interest on deposits, the ratio of earnings to fixed charges for the nine months ended July 31, 2026 was 1.42, compared to 1.27 for fiscal 2025.
The Bank adopted IFRS 17 Insurance Contracts on November 1, 2023, restating fiscal 2023 results; earlier periods remain under IFRS 4.
Scotiabank resets interest rate on $1.25B capital notes to 5.987% for five years from July 27, 2026.
The Bank of Nova Scotia announced a 5.987% per annum interest rate on its $1.25 billion Fixed Rate Resetting Limited Recourse Capital Notes, Series 1 (NVCC) for the period July 27, 2026 to July 27, 2031.
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The new rate equals the Government of Canada Yield on the business day before the reset date plus 2.761%.
Interest on the Notes remains payable quarterly on January 27, April 27, July 27, and October 27, with the first payment after reset on October 27, 2026.
The Notes mature on July 27, 2081, and may be redeemed by the Bank in whole or in part from June 27 to July 27, 2031, and every five years thereafter, subject to regulatory approval.
The Bank also reset the interest rate on its $1.25 billion Fixed Rate Resetting Perpetual Subordinated Additional Tier 1 Capital Notes (AT1 Notes) to the same 5.987% per annum for the same period.