For the financial year ended October 31, 2021, Scotia Group Jamaica recorded a net profit of J$8.4 billion compared to $9 billion for 2021.

The Board of Directors approved a dividend of 35 cents per stock unit in respect of the fourth quarter which is payable on January 21, 2022 to stockholders on record as at December 30, 2021.

It has been a good year for Scotia Jamaica and it has made a determined effort to pivot to digital banking in anticipation of what is to come.

In May of this year, a poll by Our Today gave the best online banking experience to Scotiabank Jamaica.

• Our Today readers crown Scotiabank #1 online banking platform in Jamaica
  
  When asked “Which is the most user-friendly bank in Jamaica with regard to online banking services?”; the answer came back with a whopping 50 per cent of respondents selecting Scotiabank.
  
  Come August, Scotiabank was recognised as the ‘Most Innovative in Data’ by the Financial Times’ The Banker magazine. Scotiabank Jamaica was also named the Bank of the Year in Jamaica for the year 2020 by the Banker.
  
  Speaking at an end-of-year press briefing held virtually at Scotia Group Jamaica’s downtown Kingston headquarters last week, CEO Audrey Tugwell-Henry was upbeat on what the new year has to bring and the bank’s fortunes.

“We have an optimistic view for 2022. We know the pandemic spawned some economic impact that was not always positive but what we are seeing is a little bit of a settling off. We are seeing our vaccination rates going up. We are seeing a gradual returning to life as we know it. We see a lot of pent up demand for travel, so we have great expectations for the outlook for tourism,” Tugwell-Henry contended.

“We see businesses retooling and reorganizing with some pivoting to digital. In terms of a local economy, we expect some recovery and some strengthening. In terms of our business, we will be moving forward with our digital transformation agenda and will be offering new products and services,” she added.