Scotiabank named Barbados’ Best Bank and Best Bank in the Caribbean

Scotiabank has been recognised as the Caribbean’s Best Bank 2025 by Global Finance with several individual country wins, including Barbados.

Managing Director, Scotiabank Barbados, Suzette Armoogam-Shah, thanked the bank’s employees and reiterated its commitment to clients. “We are excited by this recognition as it shows that we are making progress against our strategy,” she said. “The award reflects the hard work and dedication of our team and all that we are achieving together as we create value for our clients. Our strong performance and introduction of innovative digital enhancements has enabled us to lead the local market. We remain focused on deepening client relationships, leading with advice and following with solutions, as we build high-quality experiences.”

Scotiabank said it is focused on making it easier for clients to do business. In keeping with this, highlights of the award include:

• A new digital onboarding process aimed at a better user-experience. For deposit accounts, the process has been fully rolled out and is being piloted for loans and credit cards.
• An online collaboration tool which allows select client groups to communicate with their dedicated advisors via quick chat and call features while using the Scotia Caribbean App.
• New enhancements to merchant services, providing secure and innovative payment solutions such as the creation of a proprietary application which integrates unmanned solutions/kiosks.

Scotiabank was also recognised as the Best Bank 2025 in Bahamas, Barbados, Guyana, Jamaica and Turks and Caicos Islands.

Global Finance Magazine (New York) selects the best financial institutions around the world every year and is a trusted standard of excellence.

Global Finance’s Best Bank Awards honour financial institutions that excel in diversity of offerings, long-term stability, and technological innovation.

“The winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished strong results while laying the foundations for future success,” said Publisher and Editorial Director of Global Finance, Joseph D. Giarraputo.

(PR)