Comp Adv

Task 1 final assessment Background Scotia curse Trinidad and Tobago Ltd Scotiabank started its operations in Trinidad in the year 1952. Scotiabank belongs to the parent company the bank of Nova Scotia which is determined in Canada .The general aim of Scotiabank is to make customers more financi every last(predicate)y better off through accu rank and well experience financial planning. Starting with precisely one branch in the capital, Scotiabank now boasts 22 full branches and 5 sales outlets in any case Scotia merchant bank. Scotiabank is a public every last(predicate)y traded company which federal agency it has a lot of share holders and many stakeholders. Originally catering to only commercial message customers, Scotiabank soon opened its doors to all members of the general public. Although Scotiabank was not the first bank in the industry (there was already at least two), they were the first bank and still is the only bank to have paperless banking. Our Objectives We are committed to being your foot of woof â€" providing comprehensive products and services and being a good corporeal citizen by supporting the community where we live and do business.

Our centre Strengths * Risk Management * Diversification * Productivity * Customer go Scotiabank currently offers products ranging from general saving a/c, credit cards, own(prenominal) loan, residential and commercial mortgages and a wide range of commercial facilities. Presently Scotiabank has become a premier financial institution in Trinidad with over 250,000 customers. Being in this industry means that Scotiabank is governed by the central bank of Trinidad, which is the statutory body which governs all commercial banks. Current trends in the economy, mainly the higher rate of inflation, have caused the central bank to percentage of reserve requirements which all banks must assert. This requirement causes Scotiabank to have less available funds in the system to use for lending. In order to keep profits... If you want to get a full essay, order it on our website: Ordercustompaper.com

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