Bank of Nova Scotia has been awarded three international banking awards, winning the title of “Bank of the Year” in Mexico, the Caribbean and Jamaica from Latin Finance, a magazine of finance and investment in Latin America.

This is the second time that Scotiabank has been recognized by Latin Finance in Mexico and the Caribbean.

“Winning an award like this in multiple countries takes the concerted efforts of a first-class team dedicated to our customers and communities,” said Rick Waugh, president and CEO, Scotiabank, in a release. “As a Canadian-based international bank, we are very proud to receive this recognition for the work that our employees do every day to meet the needs of our customers and achieve business success in many different markets.”

The awards will be formally announced in the November issue of Latin Finance and are based on profits, profitability, asset growth, stock price performance, strategy and strategic vision, quality of management and technological sophistication.

“We selected Scotiabank for its strong overall financial performance, breadth and quality of service to customers in each of Mexico, Jamaica and the Caribbean broadly,” said John Barham, editor, Latin Finance. “These awards are based on industry input. We talk to bank analysts and the rating agencies and devour their reports. We pay close attention to feedback from corporate and retail clients, as well as investors.”

Scotiabank has been in Mexico since 1967. Grupo Financiero Scotiabank Inverlat SA is the country’s sixth largest commercial bank, with about 6,830 employees, about 440 branches and a network of about 1,030 ABMs. Scotiabank Inverlat provides more than 1 million personal, commercial and corporate customers with a full range of banking products and services.

Scotiabank has been part of the Caribbean and Central America region since 1889 when it opened its first office in Kingston, Jamaica.

In the Caribbean and Central America, Scotiabank has operations in 25 countries, including affiliates. The bank employs 9,509 people in the region who serve more than 2 million customers.