Wednesday 11 December, 2019

Scotiabank to offer free wifi in all branches

Scotia wants to provide greater convenience for customers to access information on a timely basis through Electronic Statements with cheque images on-line.

Scotia wants to provide greater convenience for customers to access information on a timely basis through Electronic Statements with cheque images on-line.

Scotia Group, plans to offer free wireless internet to customers in all its branches.

Bank lines are long but free internet can't hurt. 

Scotia wants to provide greater convenience for customers to access information on a timely basis through Electronic Statements with cheque images on-line.

Jackie Sharp, President & CEO said: "We will be introducing FREE WI-FI in our branches, allowing customers the ease and security of accessing our internet and mobile banking platforms. The adoption rate on our digital banking channels continues to grow as customers respond positively to the convenience, ease of use, and lower fees on those channels."

Scotia is the largest Canadian owned bank operating in Jamaica. It's Scotia's 128th year of operation in Jamaica, and it sees the island as offering continued value for its staff and shareholders.

The bank reported net income of $5.7 billion for the six months period ended April 30, 2017 or a 14 per cent increase over the 2016 similar period.

Sharp said:  “Our second quarter results for 2017 reflects continued strong growth in our core business lines, with total revenue growth of 6 per cent quarter over quarter, and 10% year over year."

Net income for the second quarter was $3.5 billion, representing a $1.3 billion increase over the first quarter ended January 31, 2017, which included asset tax totaling $1.1 billion in that quarter.

Return on average equity was 12.01 per cent, compared to 11.26 per cent for the period ended April 30, 2016. The board of directors also approved an interim dividend of 45 cents per stock unit in respect of this financial year, which is payable on July 20, 2017 to stockholders on record as at June 28, 2017.

"We have been executing well on our strategy, to grow our revenues’ streams and taking the necessary actions to reduce our structural operating costs," Sharp said.

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