The Bank of Nova Scotia (Scotiabank) is Canada’s international bank and one of the leading financial services providers in North America, Latin America, the Caribbean and Central America. In Canada and internationally Scotiabank provides a wide range of retail, private, corporate banking and wealth management products and services. Global banking and markets of Scotiabank provides corporate, government and institutional clients in Canada and in select international countries with corporate banking, investment banking and capital markets solutions.
Although there is no deposit guarantee scheme in the British Virgin Islands, the Government of the British Virgin Islands acknowledged the need to offer some level of security to depositors. In May 2016, the Virgin Islands Deposit Insurance Act 2016 (VIDIC Act) providing necessary framework was published. The implementation of the deposit insurance system is designed to protect at least savings of domestic depositors in the Territory: in the case of Scotiabank (British Virgin Islands) Limited failure its depositors will not get any compensation.
Scotiabank (British Virgin Islands) Limited is located in Tortola.