SYS-CON MEDIA Authors: Mat Mathews, PR.com Newswire, David Smith, Tim Crawford, Kevin Benedict

News Feed Item

Scotiabank Releases a Revised Supplementary Financial Information Package

TORONTO, ON--(Marketwired - February 07, 2014) - Scotiabank has released a revised Supplementary Financial Information Package pertaining to financial information for fiscal 2012 and 2013 that reflects the impact of the following changes:

  1. New IFRS standards and amendments that require retrospective application and were adopted by the Bank effective November 1, 2013; and
  2. Enhanced funds transfer pricing methodology used by the Bank to allocate interest income and expenses between the business lines and the Other segment (no impact on the Bank's consolidated results)

This information is provided to assist users of the Bank's financial statements to better understand the impact on the Bank's 2013 and 2012 consolidated financial results. The Revised Supplementary Financial Information Package can be found on the Investor Relations page of www.scotiabank.com and should be read in conjunction with the MD&A (Pages 87 and 88) and Note 4 of the Bank's Consolidated Financial Statements in the 2013 Annual Report.

About Scotiabank

Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 83,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $744 billion (as at October 31, 2013), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information please visit www.scotiabank.com.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.