KINGSTON, Jamaica — Scotiabank Jamaica has been recognised as the country’s top-performing financial institution, earning the title of best bank in Jamaica by Euromoney Awards for Excellence 2025.

The bank reported strong growth over the past year, with total assets rising 6.1 per cent to $705 billion. Its loan portfolio expanded by 16 per cent with residential mortgages increasing by 27 per cent, a 13 per cent rise in personal and credit card loans, and 12 per cent growth in commercial lending.

Scotiabank also maintained a non-performing loan ratio of 1.55 per cent, well below the industry average of 2.4 per cent, highlighting its risk management strength. The institution continues to hold a commanding position in the market with 25 per cent of deposits and 22.6 per cent of loans.

Accepting the award, President and Chief Executive Officer of Scotia Group Jamaica, Audrey Tugwell Henry, credited the recognition to the bank’s strategic focus and staff dedication.

“We are deeply honoured to receive this prestigious recognition from Euromoney. It affirms the strength of our vision and the dedication of our team,” said Tugwell Henry.

“As we look ahead, our commitment remains resolute: to be our clients’ most trusted financial partner. We will continue to prioritise client primacy, implement enhancements that simplify the way clients engage with us and pursue sustainable growth and scale in Jamaica. We extend sincere gratitude to our clients for placing their trust in us and to our team members whose unwavering pursuit of excellence continues to propel our business forward. This award is a testament to their professionalism and shared belief in our purposes,” she added.

The Euromoney Awards, now in their 30th year, celebrate excellence in banking across more than 100 countries.

Scotiabank, with assets of approximately $1.4 trillion as of July 2025, is one of the largest banks in North America.