Friday 27 November, 2020

Scotiabank is Best Bank in T&T for 2020

File photo: Stephen Bagnarol - Managing Director, Scotiabank Trinidad and Tobago.

File photo: Stephen Bagnarol - Managing Director, Scotiabank Trinidad and Tobago.

The best banking experience in T&T is at Scotiabank.

That’s according to Global Finance Magazine which named Scotiabank Trinidad and Tobago’s Best Bank for 2020.

Global Finance Magazine selects the best financial institutions around the world each year. The award is recognised as a trusted standard of excellence.

Commenting on the award, Stephen Bagnarol - Managing Director, Scotiabank Trinidad and Tobago said the Bank has made significant strides in adapting to the current business environment in light of COVID-19.

He said: “2020 has certainly been an unprecedented year as the COVID-19 crisis unfolds. We entered the pandemic in a position of strength and immediately responded with assistance to our customers, providing financial relief.

To date, we have helped over 64,000 customers with loan deferral programmes, waiving of fees and penalties, and rate reductions. Our investments in transforming our business digitally has enabled us to provide our customers with the support they need to conduct their banking safely and remotely as we take measures to curb the spread of the virus.”

He expressed confidence in the bank’s efforts thus far and its future prospects.

“We’re very excited about earning the title of Best Bank 2020 here in Trinidad and Tobago. This award shows we are well prepared to weather this storm, backed by a solid balance sheet, robust liquidity, a strong and dedicated team, and significant digital advancements made over the past five years.” 

Bagnarol continued: “I thank our employees and customers for their continued loyalty, trust and confidence as we face this challenging time together.”

He also extended congratulations to Scotiabank Bahamas and Turks and Caicos who were also named Best Bank 2020.

Editors at Global Finance, with input from industry analysts, corporate executives and technology experts, select the winners for the Best Bank Awards using entries provided by banks and other providers, as well as independent researchers.

Judging incorporates criteria—including knowledge of local conditions and customer needs, financial strength and safety, strategic relationships and governance, competitive pricing, capital investment and innovation in products and services.

Get the latest local and international news straight to your mobile phone for free: