2018 Annual Report Building for the Future

Scotia Group Jamaica Limited

2018 Annual Report

Building for the Future

What's inside

CONTENTS

3 Why Invest in Scotiabank? 4 Ten Year Statistical Review 6 Notice of Annual

General Meeting 7 Directors' Report 8 Chairman's Message

10 President & CEO's Message 12 Corporate Governance 18 Board of Directors 22 Executive Management Team 24 Management's Discussion and

Analysis

38 Risk Management 44 Supporting our Communities 45 Shareholdings 46 Audited Financial Statements 133 Proxy

Who we are

About Scotia Group Jamaica Limited (SGJL): Scotiabank has been in Jamaica since 1889 and is the premier financial institution in the country. SGJL is a subsidiary of Scotiabank (Canada) and offers a diverse range of products and services including personal, commercial, and small business banking, wealth management, insurance, and mortgages. Our expert team of Scotiabankers are committed to assisting our customers to achieve their financial goals. SGJL is an award winning institution having been named on numerous occasions as the Bank of the Year and Best Bank in Jamaica by international financial publications ? the Banker, Latin Finance, Euromoney, and Global Finance magazines. SGJL has $522 billion in assets (as at October 31, 2018).

SCOTIA GROUP JAMAICA LIMITED ? 2018 ANNUAL REPORT | 1

Corporate data

SECRETARY

Richard Fraser Vice President, Senior Legal Counsel & Corporate Secretary

REGISTERED OFFICE

Scotiabank Centre Cnr. Duke Port Royal Streets .O. Box 09 Kingston, Jamaica

Tel.: 8 922.1000 Fax: 8 922. 8 m. Telex: 229 SWIFT Bic Code: NOSCJMKN

AUDITORS

KPMG Duke Street

Kingston, Jamaica

Tel.: 8 922. 0 Fax: 8 922. 00

8 922. 198 firmmail . m

REGISTRAR

PwC Corporate Services (Jamaica) Limited Scotiabank Centre Corner Duke & Port Royal Streets Kingston, Jamaica

Tel. 8 922. 2 0 Fax: 8 9 .9 http m

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Why invest in Scotiabank?

? Diversified by business lines providing sustainable and growing earnings

ocused on digiti ation to strengthen customer experience and improve efficiency

? Strong risk management culture

? Strong balance sheet with prudent capital and liquidity positions

Earnings per Share (EPS)

410?

391?

Dividends per Share

$1.95

$1.83

Return on equity

11.5%

Capital Position: STRONG

2017 2018

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