Competitive Advantage for Scotiabank in the Caribbean

The company that I am studying is Scotiabank. Founded in Halifax, Nova Scotia and based in Toronto, Scotiabank is one of the leading retail banks in the Caribbean, with over 200 branches in 20 countries and territories throughout the region. The bank provides retail banking services, primarily taking deposits and then relending that money through home mortgages, personal loans and small business loans. In recent years, economic conditions in the Caribbean have been weak. Scotiabank, in its annual report notes that ongoing weakness in the Caribbean has reduced lending and increased the allowance for impaired loans in the region. Demand for borrowing is typically based on the health of the economy and the prevailing rates. A significant amount of borrowing, according to the banks 2011 Annual Report, is for the hospitality industry, and in that there has been a slump in recent years as tourism from North America has declined. The size of the banks residential mortgage portfolio in the Caribbean has been increasing, however. The supply conditions also bear some relation to the health of the economy, because savings rates are a critical variable that fluctuate with the state of the economy. There is a significant amount of price elasticity of demand for lending products. Borrowers prefer to borrow when interest rates are low, because that lowers the cost of the project. In middle income regions like the Caribbean, borrowers can be particularly price sensitive. InShow MoreRelatedScotiabank Analysis7774 Words   |  32 Pagesinclude secondary research of industry data, company reports, recent financial disclosures, as well as inquiries in various electronic databases. The purpose of this report is to determine whether or not the Bank of Nova Scotia, more commonly known as Scotiabank, is a good employer for recent and future Haskayne School of Business graduates. Extensive research has determined that the banking industry is in an unstable state. The industry’s profits have declined over the last few years mainly as a resultRead MoreDisplacement Analysis2901 Words   |  12 Pagesare huge events happening in the city, for example the Scotiabank Toronto Caribbean Carnival Festival, which is an annual event that hosts hundreds of thousands of tourists from around the world, certain things must be taken onto consideration. If the hotel is located near the festival it would be very unlikely to book other group reservations at a discounted rate because the demand would be there for the standard rates. It would be an advantage for the hotel to book with this group because it is guaranteedRead MoreA Profitable Business Venture For The Royal Bank Of Canada3777 Words   |  16 Pages the government must recognize these risks since there are predictions that it might relax foreign business entry regulation to diversify and boost the current e conomic activities. RBC should envision such measures as an opportunity to be taken advantage of. This economy displays prospects of growth urged by economic prosperity. Peru is a developing nation that sees international relationships as the best route to success. Over the years Peru has developed and nurtured free trade agreements with