Scotiabank has been recognized by Global Finance magazine as the Best Emerging Markets Bank in The Bahamas for 2016.

"We are very proud and honored to have been recognized by Global Finance as the Best Emerging Markets Bank in The Bahamas," said Sean Albert, VP and district head (Caribbean North) of Scotiabank. "I would like to thank our employees for their dedication, enthusiasm and commitment to serving our customers and to our customers for trusting Scotiabank with their financial needs."

Scotiabank also received Best Emerging Markets Bank awards in Barbados, Costa Rica, Trinidad and Tobago, The Turks and Caicos Islands and U.S. Virgin Islands.

"The world's banks continue to deal with a number of headwinds - including geopolitical risk, volatile economic and market conditions and still-changing regulatory regimes," said Joseph D. Giarraputo, publisher and editorial director of Global Finance. "We honor those banks that excel at addressing the needs of their clients and have the deepest commitment to the market in which they operate, despite the uncertain conditions they face."

Global Finance editors, with input from industry analysts, corporate executives and banking consultants, selected the Best Emerging Markets Bank in the region and in 26 countries. Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products. In addition, a poll of Global Finance's corporate readership was conducted in order to increase the accuracy and reliability of the results.
Winners will be honored at an awards ceremony to be held during the International Monetary Fund/World Bank Annual Meetings in Washington, D.C. on October 8 at the National Press Club.

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