Providenciales, Turks & Caicos Islands- May 15, 2023– For the third consecutive year, Scotiabank Turks & Caicos as the bank has been named TCI’s “Best Bank” in 2023 by Global Finance Magazine.

The award follows several service-enhancing measures undertaken by the Bank in 2022 including the expansion of its digital banking offerings, the launch of a new eCommerce platform for micro to large businesses, and a new Scotiabank Mortgage Pre-qualifications Platform that has significantly improved the bank’s ability to service customers and resolve queries.

“While we are obviously very proud of this award”, says Dr. Suzan Snaggs-Wilson, “we are even more proud of how our valued team of Scotiabankers have  supported our vision and the loyalty of our customers throughout the post-pandemic recovery period. That support and trust in what we were doing not only helped us to develop the innovative products but has now set us on our way to create even greater value for all our stakeholders in the future.”

“Hard work and commitment are really our winning formula and the secret to our success in these various awards programmes. Notwithstanding the accolades, we  remain laser-focused on delivering best-in-class financial services to the Turks and Caicos Islands and to making a meaningful impact on the communities that we serve,” Snaggs-Wilson added.

Scotiabank TCI’s “Best Bank” award is just one of several awards that the bank has captured over the past 12 months, including “Best Consumer Digital Bank” – awarded by Global Finance Magazine and winning Bank of the Year 2022 in December last year from UK-based publication – The Banker. Similar “Best Bank 2023” accolades from Global Finance Magazine have also been bestowed on the Bank’s operations in the Bahamas and the Cayman Islands.

Global Finance editors, with input from industry analysts, corporate executives, and technology experts, selects the winners for the Best Bank Awards using entries provided by banks and other providers, as well as independent researchers. Judging incorporates criteria—including knowledge of local conditions and customer needs, financial strength and safety, strategic relationships and governance, competitive pricing, capital investment and innovation in products and services.