Sco­tia­bank Trinidad and To­ba­go yes­ter­day re­port­ed prof­it af­ter tax of $340 mil­lion for the six months end­ed April 30 2025.  

In its sec­ond quar­ter 2025 re­sults, Sco­tia said this rep­re­sents an in­crease of $17 mil­lion or five per cent com­pared to the six months end­ed April 30, 2024.

The group said its in­come af­ter tax for the sec­ond quar­ter was $174 mil­lion, an in­crease of $14 mil­lion or nine per cent over the pri­or quar­ter’s per­for­mance.  

Sco­tia T&T out­lined that this im­proved prof­itabil­i­ty re­sult­ed in a Re­turn on Eq­ui­ty (ROE) of 14.9 per cent and a sta­ble Re­turn on As­sets (ROA) of 2.2 per cent over the pri­or year.

Based on these fi­nan­cial re­sults, Sco­tia­bank T&T de­clared a div­i­dend of $0.70 per share for the sec­ond quar­ter, for a to­tal of $1.40 for the first half of fis­cal 2025, while earn­ings per Share (EPS) in­creased to $1.93 with a strong div­i­dend yield of 5.35 per cent.  

Man­ag­ing di­rec­tor of Sco­tia­bank T&T Gayle Pa­zos, said, “The in­come af­ter tax in­creased by 5 per cent year on year, dri­ven by core rev­enue growth. We have achieved sig­nif­i­cant as­set growth of $1.8 bil­lion or six per cent, a tes­ta­ment to our ro­bust strate­gies and mar­ket po­si­tion­ing.” Pa­zos high­light­ed that loans to cus­tomers grew $716 mil­lion or four per cent, with its in­vest­ment port­fo­lio grow­ing by $1.6 bil­lion or 27 per cent.

“Cus­tomers’ de­posits al­so grew by $1.6 bil­lion or sev­en per cent, with dig­i­tal adop­tion in­creas­ing to 57 per cent. By lever­ag­ing dig­i­tal ad­vance­ments and op­ti­mis­ing as­set al­lo­ca­tions, the Group has set a sol­id foun­da­tion for fu­ture growth and re­silience in an ever-evolv­ing fi­nan­cial land­scape.”

Sco­tia T&T said the to­tal rev­enue, com­pris­ing net in­ter­est in­come and oth­er in­come, was $1 bil­lion for the pe­ri­od end­ed April 30, 2025, an in­crease of $55 mil­lion or six per cent over the pri­or year.  

Net in­ter­est in­come for the pe­ri­od was $754 mil­lion, an in­crease of $53 mil­lion or eight per cent for the same pe­ri­od.  

“The main dri­vers were in­vest­ment se­cu­ri­ties in­ter­est, which in­creased by $46 mil­lion or 41 per cent, as our team con­tin­ued to man­age liq­uid­i­ty while se­cur­ing high­er earn­ing in­vest­ment op­por­tu­ni­ties to gen­er­ate ad­di­tion­al in­ter­est in­come. In­ter­est in­come on loans to cus­tomers al­so in­creased by $31 mil­lion or five per cent, off­set by an in­crease in cus­tomer de­posit in­ter­est of $24 mil­lion over the same com­pa­ra­ble pe­ri­od last year, both based on growth in their re­spec­tive port­fo­lios,” the bank said.

To­tal eq­ui­ty closed the pe­ri­od at $4.7 bil­lion, an in­crease of $156 mil­lion or three per cent when com­pared to the bal­ance as of April 30, 2024.  

The bank’s cap­i­tal ad­e­qua­cy ra­tio stood at 18.19 per cent as of April 30, 2025, which con­tin­ues to be sig­nif­i­cant­ly above the 10 per cent min­i­mum cap­i­tal ad­e­qua­cy ra­tio un­der BASEL II reg­u­la­tions.