In the assessment period, Scotiabank’s strategy in trade finance addressed the working capital needs of businesses operating across borders. Its investment programme sought to make financing easier to access and trade transactions easier to manage.
The bank expanded its Buyers Credit financing offering for importers, widening access to funding for companies purchasing goods internationally. This formed part of a broader effort to support Canadian businesses whose buyers and suppliers operate across multiple jurisdictions, connecting domestic financing needs with the bank’s international trade capabilities.
Scotiabank also began developing a next-generation supply chain finance processing platform.
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