Scotiabank Turks and Caicos has received the prestigious title of Bank of the Year for a second consecutive year.

[Providenciales, TCI December 15, 2023] - Scotiabank Turks and Caicos has received the prestigious title of Bank of the Year for a second consecutive year. This esteemed recognition, bestowed upon the bank by The Banker, an internationally recognized UK-based banking publication, is a testament to Scotiabank's exceptional performance, unwavering commitment to its clients, and innovative approach to banking.

The Bank of the Year 2023 award is bestowed upon financial institutions that have demonstrated outstanding achievements, financial strength, and exceptional service to their customers. Scotiabank Turks and Caicos stood out amongst tough competition, showcasing remarkable accomplishments and a resolute dedication to providing exceptional banking services. Strategic initiatives such as the launch of Scotia Access and the launch of Scotia Ecom+ propelled the Bank to the number one spot in the country. The initiatives were designed to find solutions for customers with complex financial needs and introduce an eCommerce solution for micro to large businesses seeking to accept online payments. Dr Suzan Snaggs-Wilson, Scotiabank Turks and Caicos Managing Director and Country Head said, "deeper investment in the build-out of our digital banking infrastructure and increased customer engagement have had a transformational impact on the service quality delivered by Scotiabank Turks and Caicos."

"I also want to thank our team of Scotiabankers for their outstanding service and our customers for their continued loyalty. As we continue to expand our reach and fortify our systems, we are committed to undertaking even more innovation to consolidate those gains and to achieve new heights of customer satisfaction."

Scotiabank Turks and Caicos has continuously sought to exceed not only the diverse financial needs of its clients but also their social needs. The award recognizes extensive involvement in educational initiatives, helping the needy and environmental sustainability. By investing in sustainable projects and forging partnerships with local organizations, Scotiabank Turks and Caicos Islands has become an integral part of the social fabric of Turks and Caicos Islands, contributing to its overall prosperity and welfare.

Across Scotiabank’s global operations, similar Bank of the Year 2023 accolades have also been secured in The Bahamas and The Cayman Islands.

In 2022 The Banker selected one winning bank for each of the 134 countries judged and ranked them on their ability to deliver results, improve strategic positioning and enhance service to customers. Over 1,000 applications are collected each year and judges select winners based on which bank they believe has made the most progress over the past 12 months.