Friday, September 9, 2016
By NATARIO McKENZIE
Tribune Business Reporter
nmckenzie@tribunemedia.net
Scotiabank’s district head of for the north Caribbean has pledged that the institution is “committed to the Bahamas”, as it kicked-off its 60th anniversary celebrations.
During a brief ceremony at the bank’s Rawson Square branch, attended by government officials, industry executives, long-standing customers, community leaders and bank personnel, Sean Albert said Scotiabank’s presence in the Bahamas started in 1956 with its first branch on Bay and Charlotte Street.
“Scotiabank is Canada’s most international bank with a footprint across 55 countries,” he said. “We have very strong roots in the Caribbean, having been here for over 125 years.
“During this time we have demonstrated our commitment to our communities for the long-term. The bank’s journey in the Bahamas began in 1956. Over the years, Scotiabank in the Bahamas has evolved into a strategic network of branches and ATMs across the country, offering a complete range of retail, commercial and wealth products and services.
“Scotiabank is committed to the Bahamas, to providing comprehensive financial services, and being a good corporate citizen by helping Bahamians become better off.”
Mr Albert added that Scotiabank’s community donations exceed $300,000, while employees spend over 3,000 total hours volunteering their time and energy to charitable works.
Michael Halkitis, minister of state for finance, said: ”Over the past few years we have all faced our challenges. The economy has, banks have and the Government has.
“We believe that we have come through tremendous challenges in relatively good shape, and believe that the future is indeed bright for this country, as we project that our country will begin to turnaround and we will be able to see tangible benefits for our people.”
Comments
Well_mudda_take_sic says...
This comment was removed by the site staff for violation of the usage agreement.
Posted 10 September 2016, noon
banker says...
Yep, that's why ScotiaBank moved it customer service call center to Jamaica, killing Bahamian jobs.
Posted 11 September 2016, 10:39 a.m. Suggest removal
bogart says...
On the contrary. The lack of regulation by the Central Bank and authorities to regulate Banking and fairplay to customers is what makes the Banks profit which involves $10 dollar to cash a cheque and exorbitant fees charged to customers. Lack of fairplay to customers who default on loans because of questionable practices by loan officers aggressively pushing loans to meet quotas set by foreign countries who mine our economy and lack of visionaries to control the hemorrhaging where we make sacrifices to give up our birthright to lure foreign direct capital to start businesses, and then watch as the employees get loans and profits exported is ludicrous. When these businesses come to the Bahamas and make empires from the sweat and sacrifices of Bahamian workers and at the end of the day all we can see is a huge 4,500 mortgage customers defaulting, numerous second hand Japanese cars, many businesses finding it difficult to get capital to maintain and expand, contractors out of work, devastated housing industry and taxpayers offering to settle mortgages in default without and public inquiry is cause for concern. Shifting jobs overseas where foreign workers are first loyal to their own countries does not seen to be a good thing especially when our banking, money, direction of future growth and sovereignty is involved. Seems we are an economic sweetheart to the Caribbean and our children and household is suffering while the other family in other countries benefit.
Posted 12 September 2016, 8:36 a.m. Suggest removal
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