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The report also summarizes reported and adjusted net income, returns on equity, and total assets, alongside CEO messaging and ScotiaBond culture values.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & 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strategy pillars does Scotiabank emphasize in the Annual Report 2024?","Question",{"text":63,"@type":64},"It emphasizes four pillars: grow and scale in priority markets, earn primary client relationships, make it easy to do business, and win as one team.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What progress does the CEO describe one year after launching the strategy?",{"text":68,"@type":64},"The CEO describes progress against key priorities such as deposit growth and purposeful capital allocation, with balance sheet strengthening, improved liquidity metrics, and an increased Common Equity Tier 1 ratio.",{"name":70,"@type":61,"acceptedAnswer":71},"Which financial metrics are highlighted in the report’s key figures section?",{"text":72,"@type":64},"The report presents reported and adjusted net income, reported and adjusted return on equity, total assets, and the Common Equity Tier 1 (CET1) 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DELIVER SUSTAINABLE , PROFITABLE GROWTH  \nOur Strategy  \nLaunched at our Investor Day in December 2023, our strategy focuses on four key pillars.  \nGROW AND SCALE  \nIN PRIORITY MARKETS  \nWe are deploying the majority of our incremental capital to our priority businesses in Canada, the United States, and Mexico to support our growth strategy, and to strengthen our connectivity across the North American corridor.  \nEARN PRIMARY  \nCLIENT RELATIONSHIPS  \nLeading with advice and following with solutions, we are working to create consistently high-quality experiences across all channels.  \nMAKE IT EASY  \nTO DO BUSINESS WITH US  \nBy simplifying and improving access to our products and services, we are committed to making it easier for our clients to bank with us.  \nWIN AS  \nONE TEAM  \nBy investing in our people, culture, and communities, we are striving to be the employer of choice for all employees and creating an environment where everyone can thrive.  \nREPORTED NET INCOME  \n$7.9 Bn  \nADJUSTED NET INCOME 2  \n$ 8.6 Bn  \nREPORTED  \nRETURN ON EQUITY 1  \n10.2%  \nADJUSTED  \nRETURN ON EQUITY 2  \n11.3%  \nTOTAL ASSETS  \n$ 1.4 T  \nCOMMON EQUITY TIER 1 (CET1) RATIO3  \n13.1%  \n1 Refer to Glossary on page 132.  \n2 Refer to Non-GAAP Measures section starting on page 20.  \n3 Commencing Q1 2024, regulatory capital ratios are based on Revised Basel III requirements as determined in accordance with OSFI Guideline – Capital Adequacy Requirements (November 2023) .  \nWhat’s inside  \n1 CEO’s Message  \nto Shareholders  \n10 Our Leadership Team  \n11 Chair’s Message  \nto Shareholders  \n12 Board of Directors  \n13 ESG Highlights  \n15 Management’s  \nDiscussion and Analysis Highlights  \n135 Consolidated Financial Statements  \nCEO’s message to shareholders  \nFellow shareholders,  \nIt has been one year since Scotiabank launched its new enterprise strategy at our Investor Day in December 2023, where we unveiled our bold new vision: to be our clients’ most trusted financial partner and deliver sustainable, profitable growth.  \nOne year into our execution, I can confidently say that we are making progress in doing what we said we would do. While it is still early days and there is more hard work ahead, we are advancing against the key priorities outlined in our strategy, including focusing on deposit growth and purposeful capital allocation. We are strengthening our balance sheet, including reducing our wholesale funding requirement, maintaining strong liquidity metrics, and increasing our Common Equity Tier 1 ratio. And we have been disciplined in how and where we allocate capital, investing in those areas that will drive growth for the Bank, while optimizing existing capital in those markets that have seen lower returns. We also introduced a new culture framework for our Bank, our ScotiaBond, which establishes values and behaviours to drive high performance and support the execution of our strategy.  \nScott Thomson  \nPresident and Chief Executive Officer  \n2024 Scotiabank Annual Report | 1  \nOur success this year is not just about what we have delivered, but also how we have delivered.  \nAs a testament to the Bank’s progress, Scotiabank was once again named Bank of the Year for Canada by The Banker magazine—a Financial Times publication—as well as the top bank in Canada by Global Finance and Euromoney magazines. Euromoney magazine also recognized Scotiabank as the World’s Best Bank for Corporate Responsibility. I am extremely proud of our progress to date, of the strength of our team, and of all that we are achieving together.  \n“As a testament to the Bank’s progress, Scotiabank was once again named Bank of the Year for Canada by The Banker magazine—a Financial Times publication—as well as the top bank in Canada by Global Finance and Euromoney magazines. Euromoney magazine also recognized Scotiabank as the World’s Best Bank for Corporate Responsibility.”  \n2 | 2024 S","cbCaiqrf1T2ex55B","https://ap.wps.com/l/cbCaiqrf1T2ex55B","pdf",6698749,236,"English","# Our Strategy\n## CEO’s message to shareholders\n# Reported highlights\n## Reported net income and adjusted net income\n## Return on equity and total assets\n# ScotiaBond culture framework\n## Values\n## Behaviours\n# Grow and Scale in Priority Markets\n## Canada deposit growth\n## Wealth Management and Banking & Markets momentum","[{\"question\":\"What strategy pillars does Scotiabank emphasize in the Annual Report 2024?\",\"answer\":\"It emphasizes four pillars: grow and scale in priority markets, earn primary client relationships, make it easy to do business, and win as one team.\"},{\"question\":\"What progress does the CEO describe one year after launching the strategy?\",\"answer\":\"The CEO describes progress against key priorities such as deposit growth and purposeful capital allocation, with balance sheet strengthening, improved liquidity metrics, and an increased Common Equity Tier 1 ratio.\"},{\"question\":\"Which financial metrics are highlighted in the report’s key figures section?\",\"answer\":\"The report presents reported and adjusted net income, reported and adjusted return on equity, total assets, and the Common Equity Tier 1 (CET1) ratio.\"}]","Scotiabank Annual Report 2024 - Annual Financial Performance and Strategy Overview | PDF",595]