Scotiabank Reduces Prime Lending Rate

TORONTO, ON--(Marketwired - January 27, 2015) - Scotiabank today announced that it is decreasing its Canadian dollar prime lending rate from 3.00 per cent to 2.85 per cent, effective January 28, 2015.

About Scotiabank
Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 86,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $806 billion (as at October 31, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information please visit www.scotiabank.com.

For more information please contact:

Scotiabank Public & Corporate Affairs
Myra Reisler
[phone]
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