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Bank of Nova Scotia (BNS.TO)

BNS.TO on Toronto Stock Exchange

68.48CAD
22 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Scotiabank Signs Definitive Agreement To Reduce Its Investment In Thailand
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Bank of Nova Scotia ::SCOTIABANK SIGNS DEFINITIVE AGREEMENT TO REDUCE ITS INVESTMENT IN THAILAND.BANK OF NOVA SCOTIA - AT DEAL CLOSING, BANK WILL RECORD A GAIN IN OTHER SEGMENT OF APPROXIMATELY $300 MILLION AFTER-TAX.BANK OF NOVA SCOTIA - SCOTIABANK WILL REDUCE ITS 49% INTEREST IN TBANK.BANK OF NOVA SCOTIA - SCOTIABANK WILL SELL INTERESTS IN TBANK IN EXCHANGE FOR CASH & SHARES IN TMB RESULTING FROM SUBSEQUENT MERGER OF TMB AND TBANK.BANK OF NOVA SCOTIA - WILL RETAIN A 49% INTEREST IN TWO TBANK SUBSIDIARIES THAT ARE EXPECTED TO BE SUBSEQUENTLY SOLD IN 2020.  Full Article

BNP Paribas Signs Strategic Partnership In Latin America To Insure Clients Of Canada's Scotiabank
Thursday, 25 Jul 2019 

July 25 (Reuters) - BNP Paribas SA ::BNP PARIBAS SIGNS STRATEGIC PARTNERSHIP IN LATIN AMERICA TO INSURE CLIENTS OF CANADA'S SCOTIABANK.BNP PARIBAS SIGNS STRATEGIC INSURANCE PARTNERSHIP IN LATIN AMERICA WITH CANADA'S SCOTIABANK FOR 15 YEARS.BNP PARIBAS, SCOTIABANK TO DEVELOP INSURANCE FOR 9 MILLION SCOTIABANK CLIENTS IN CHILE, COLOMBIA, MEXICO, PERU.  Full Article

Scotiabank And BNP Paribas Cardif Announce Strategic Alliance
Thursday, 25 Jul 2019 

July 25 (Reuters) - Bank of Nova Scotia ::SCOTIABANK AND BNP PARIBAS CARDIF ANNOUNCE BANCASSURANCE STRATEGIC ALLIANCE IN PACIFIC ALLIANCE COUNTRIES BENEFITTING APPROXIMATELY 9 MILLION CUSTOMERS.BANK OF NOVA SCOTIA - ALLIANCE INCLUDES INVESTMENTS OF CAD$30 MILLION BY BNP PARIBAS CARDIF TO FURTHER DEVELOP SCOTIABANK'S DIGITAL CAPABILITIES.BANK OF NOVA SCOTIA - ALLIANCE TO CONTRIBUTE TO INTERNATIONAL BANKING BUSINESS WHERE BANK CONTINUES TO GROW EARNINGS ABOVE MEDIUM-TERM TARGET OF 9% PLUS.  Full Article

Scotiabank Sells Operations In Puerto Rico And U.S. Virgin Islands To Oriental Bank
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Bank of Nova Scotia ::PRESS RELEASE - SCOTIABANK ANNOUNCES THE SALE OF ITS OPERATIONS IN PUERTO RICO AND THE U.S. VIRGIN ISLANDS TO ORIENTAL BANK, A SUBSIDIARY OF OFG BANCORP.BANK OF NOVA SCOTIA - AS A RESULT OF ANNOUNCED DEAL AND AS REQUIRED UNDER IFRS, BANK WILL RECORD A LOSS OF APPROXIMATELY $400 MILLION AFTER-TAX IN Q3.BANK OF NOVA SCOTIA - MAJORITY OF THIS LOSS REPRESENTS CARRYING VALUE OF GOODWILL RELATING TO PUERTO RICO.BANK OF NOVA SCOTIA - UPON DEAL CLOSING, AFTER-TAX GAIN OF ABOUT $50 MILLION WILL BE RECORDED RELATING TO ACCUMULATED FOREIGN CURRENCY TRANSLATION GAINS, OTHER.BANK OF NOVA SCOTIA - WITH THIS DEAL "REPOSITIONING OF OUR INTERNATIONAL FOOTPRINT WILL BE SUBSTANTIALLY COMPLETE".  Full Article

Ofg Bancorp To Acquire Scotiabank Operations In Puerto Rico And Us Virgin Islands
Wednesday, 26 Jun 2019 

OFG Bancorp ::OFG BANCORP TO ACQUIRE SCOTIABANK OPERATIONS IN PUERTO RICO AND US VIRGIN ISLANDS.OFG BANCORP - DEAL FOR $550 MILLION IN CASH.OFG BANCORP - SCOTIABANK'S PUERTO RICO AND USVI OPERATIONS WILL BE MERGED INTO ORIENTAL BANK AND ITS RELATED BUSINESSES.OFG BANCORP - TRANSACTION WILL BE FUNDED BY OFG'S EXCESS CAPITAL.OFG BANCORP- DEAL EXPECTED TO BE APPROXIMATELY 40% ACCRETIVE TO OFG'S EPS IN 2020.OFG BANCORP - CO'S UNIT, ORIENTAL BANK, TO ACQUIRE SCOTIABANK'S PUERTO RICO OPERATION FOR $550 MILLION IN CASH.OFG BANCORP - TO ACQUIRE SCOTIABANK'S US VIRGIN ISLAND (USVI) BRANCH OPERATION FOR A $10 MILLION DEPOSIT PREMIUM..OFG BANCORP - CO'S UNIT, ORIENTAL BANK, TO ACQUIRE SCOTIABANK'S US VIRGIN ISLAND (USVI) BRANCH OPERATION FOR A $10 MILLION DEPOSIT PREMIUM.OFG BANCORP - OFG EXPECTS TO INCUR CERTAIN ONE-TIME RESTRUCTURING CHARGES OF APPROXIMATELY $45 MILLION IN CONNECTION WITH TRANSACTION.OFG BANCORP - PRIOR TO CLOSING OF SCOTIABANK PUERTO RICO DEAL, SCOTIABANK PUERTO RICO MAY ELECT TO PAY ADDITIONAL DIVIDENDS TO PARENT OF UP TO $125 MILLION.OFG BANCORP - IF SCOTIABANK PUERTO RICO TO PAY ADDITIONAL DIVIDENDS,PURCHASE PRICE OF DEAL WILL BE ADJUSTED DOWNWARD BY AMOUNT OF ADDITIONAL DIVIDENDS.OFG BANCORP - ACQUISITION HAS BEEN UNANIMOUSLY APPROVED BY OFG'S AND ORIENTAL BANK'S BOARDS OF DIRECTORS.  Full Article

Scotiabank To Repurchase Up To 24 Mln Of Its Common Shares
Tuesday, 28 May 2019 

May 28 (Reuters) - Bank of Nova Scotia ::SCOTIABANK ANNOUNCES INTENTION TO REPURCHASE UP TO 24 MILLION OF ITS COMMON SHARES.BANK OF NOVA SCOTIA - PURCHASES UNDER BID MAY COMMENCE ON JUNE 4, AND WILL TERMINATE ON JUNE 3, 2020.  Full Article

Bank Of Nova Scotia Declares Dividend Of $0.87/Share On Common Shares
Tuesday, 28 May 2019 

May 28 (Reuters) - Bank of Nova Scotia ::BANK OF NOVA SCOTIA - DIVIDEND OF $0.87 PER SHARE ON COMMON SHARES.  Full Article

Bank Of Nova Scotia Reports Q2 Adj EPS Of C$1.70
Tuesday, 28 May 2019 

May 28 (Reuters) - Bank of Nova Scotia ::SCOTIABANK REPORTS SECOND QUARTER RESULTS.Q2 EARNINGS PER SHARE C$1.73.Q2 EARNINGS PER SHARE ESTIMATE C$1.74 -- REFINITIV IBES DATA.Q2 ADJUSTED EARNINGS PER SHARE C$1.70.QTRLY RETURN ON EQUITY OF 13.8%, COMPARED TO 14.9%.QTRLY NET INTEREST INCOME$4,193 MILLION VERSUS $3,950 MILLION.QTRLY PROVISION FOR CREDIT LOSSES $873 MILLION VERSUS $534 MILLION.QTRLY TOTAL REVENUE $7,803 MILLION VERSUS $7,058 MILLION.Q2 REVENUE VIEW C$7.67 BILLION -- REFINITIV IBES DATA.  Full Article

Scotiabank Says BVL Offers New Securities Lending Platform For Institutional Clients Looking To Invest In Peru
Thursday, 28 Mar 2019 

March 28 (Reuters) - Bank of Nova Scotia ::SCOTIABANK SAYS BOLSA DE VALORES DE LIMA OFFERS NEW SECURITIES LENDING PLATFORM FOR INSTITUTIONAL CLIENTS LOOKING TO INVEST IN PERU.SCOTIABANK - BVL, CAVALI ICLV SA, SCOTIA CAPITAL USA, SCOTIA BOLSA, CITI PERU & AFP INTEGRA, HAS INTRODUCED A NEW SECURITIES LENDING PLATFORM IN PERU.  Full Article

Cincinnati Financial Signs $238.4 Mln Unsecured Standby Letter Of Credit Facility
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Bank of Nova Scotia ::CINCINNATI FINANCIAL SAYS ON FEB. 25, CO, AS BORROWER, ENTERED INTO A $238.4 MILLION UNSECURED STANDBY LETTER OF CREDIT FACILITY WITH BANK OF NOVA SCOTIA.CINCINNATI FINANCIAL SAYS FACILITY OBTAINED IN ANTICIPATION OF CO'S PREVIOUSLY ANNOUNCED ACQUISITION OF MSP UNDERWRITING LTD, ITS UNITS - SEC FILING.  Full Article

Deals of the day-Mergers and acquisitions

Aug 9 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: