Scotiabank Trinidad and Tobago Ltd (Scotiabank) today reported income after taxation of $309 million for the six months ended 30 April 2018, a decrease of $24 million or 7% over the comparative period last year.
The bank says this reduction in profitability was mainly due to increased corporation tax rates levied on commercial banks at 35%, combined with higher levels of loan loss provisioning.
Scotiabank announced today that Stephen Bagnarol has been appointed as the Managing Director of Scotiabank Trinidad and Tobago Limited and the Senior Vice President & Head of the Caribbean South & East, effective November 1st, 2017.
This follows the bank’s announcement on September 19th, 2017 that Anya Schnoor has been promoted to Executive Vice President, Retail Payments, Deposits and Unsecured Lending for Canadian Banking from November 1st, 2017
Bagnarol joined Scotiabank in 1998.
Scotiabank today announced that Anya Schnoor, Managing Director of Scotiabank Trinidad and Tobago Limited, and Senior Vice President and Head of the Caribbean South and East has been promoted to Executive Vice President, Retail Payments, Deposits and Unsecured Lending for Canadian Banking.
Schnoor’s appointment will take effect after November 1, 2017 and once a successor has been named to the role.
The bank says it will announce her successor shortly.