Scotiabank Reduces Prime Lending Rate

TORONTO, ON --(Marketwired - January 27, 2015) - Scotiabank today announced that it is decreasing its Canadian dollar prime lending rate from 3.00 per cent to 2.85 per cent, effective January 28, 2015.

About Scotiabank
Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 86,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $806 billion (as at October 31, 2014), Scotiabank trades on the Toronto BNS and New York Exchanges BNS. Scotiabank distributes the Bank's media releases using Marketwired. For more information please visit www.scotiabank.com.


FOR FURTHER INFORMATION PLEASE CONTACT:

For more information please contact:

Scotiabank Public & Corporate Affairs
Myra Reisler
(416) 866-6443
myra.reisler@scotiabank.com