The after-tax profit of Scotiabank for 2024 rocketed upwards by 31.8% compared to the previous year.
According to its condensed financial statements as at October 31, 2024 published in yesterday’s Sunday Stabroek, Scotiabank’s after-tax profit was $3.078b compared to $2.334b in 2023.
Interest income for the Canada-headquartered bank rose from $4.7b in 2023 to $5.1b last year. The interest expense was up from $252.5m in 2023 to $302.8m last year.
Salaries and other staff benefits increased from $963.5m to $987.6m.
The tax expense for last year was $2.078b compared to $1.638b in 2023.
