The Scotia Group generated net profits of $4.2 billion during the quarter ended January 2025.
This represented an increase of 34.5% when compared with the similar quarter of the previous year.
Total loans climbed by 13.3% to $312.5 billion from $275.7 billion the previous year.
The group's total assets also ticked-up by 11% or $73.3 billion to $739.2 billion.
Despite this strong performance, SGJ still trails behind NCB Financial Group, which earned $5.1 billion in profit for the October-December 2024 period.
SGJ's President and CEO Audrey Tugwell-Henry highlighted that these results mark a strong start to the company's five-year strategy, focusing on improved customer service, digitalisation, and operational efficiency.
In 2025, SGJ plans to continue building on this momentum, enhance leadership, and developing an inclusive team to strengthen client relationships.
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