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Scotiabank named Guyana, Caribbean’s Best Bank for 2026 by Global Finance
(Kaieteur News) – Scotiabank Guyana has been named Best Bank in Guyana for 2026 by Global Finance, one of the world’s most respected financial publications, as part of its 33rd Annual Best Bank Awards. In addition, Scotiabank was also recognised as Best Bank in the Caribbean, underscoring the strength of its regional performance and leadership.
Nafeeza Gaffoor, Country Manager Scotiabank Guyana.
In a statement, the bank said that the awards celebrate banks that consistently demonstrate excellence in financial performance, innovation, customer service and strategic execution across highly competitive markets. Joseph D. Giarraputo, Publisher and Editorial Director of Global Finance commented “The Best Bank Awards 2026 honor the institutions that best manage their assets and liabilities while investing in digital innovation and AI to meet the changing needs of their clients.”
Commenting on the achievement, Nafeeza Gaffoor, Country Manager, Scotiabank Guyana said, “In a fast‑changing and expanding economy like Guyana’s, trust, stability and adaptability matter. This award reinforces our commitment to building a bank that is responsive to the needs of our clients. By listening to clients changing needs, we are delivering secure, reliable and modern banking solutions. We thank our clients for their continued trust and partnership and our dedicated employees for their commitment to helping individuals and businesses succeed.”
According to the statement, Scotiabank Guyana’s recognition was supported by several key achievements, including:
- Strong balance‑sheet growth, with total assets increasing by 37% in 2025, driven by continued deposit growth and expansion across key sectors of the economy. Resilient profitability, with Return on Equity improving from 16.8% in 2023 to 20.0% in 2025, supported by revenue growth, margin expansion and disciplined expense management.
- Continued investment in digital banking capabilities, including enhancements to the Scotia Caribbean App and Scotia Online, offering features such as biometric sign‑in, digital onboarding, account personalisation and debit‑card lock and unlock functionality.
- Expansion of self‑service and automation, including deployment of Intelligent Deposit Machines (IDMs) and alternative service channels, improving convenience, transparency and operational efficiency.
- Meaningful social impact initiatives, particularly in youth development, education, green entrepreneurship and financial literacy, delivered in partnership with local organisations across Guyana.
Scotiabank was also recognised as the Best Bank 2026 in Bahamas, Barbados and Turks & Caicos.
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