Scotiabank T&T records $449M nine-month profit

Sco­tia­bank Trinidad and To­ba­go Lim­it­ed has re­port­ed an af­ter-tax in­come of $449 mil­lion for the nine months end­ed Ju­ly 2026, rep­re­sent­ing a 15 per cent de­crease com­pared to the same pe­ri­od in 2025.

Ac­cord­ing to the fi­nan­cial in­sti­tu­tion's lat­est dis­clo­sures, the $82 mil­lion re­duc­tion in prof­itabil­i­ty for the pe­ri­od is pri­mar­i­ly at­trib­uted to the new­ly in­tro­duced reg­u­la­to­ry To­tal As­set Tax, which took ef­fect in Jan­u­ary 2026 as part of the na­tion­al bud­get mea­sures.

De­spite the year-over-year dip, the bank demon­strat­ed re­silience in its third-quar­ter per­for­mance, post­ing an af­ter-tax in­come of $148 mil­lion. This marks a $7 mil­lion, or 5 per cent, in­crease com­pared to the pri­or quar­ter. To­tal rev­enue for the nine-month pe­ri­od held steady at $1.6 bil­lion, re­main­ing com­pa­ra­ble to the pre­vi­ous year.