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Overview / Commentary
290 Jesus T. Pinero Avenue
San Juan, PR 00918

Scotiabank De Puerto Rico was started in 1910 and is the only Canadian bank represented in Puerto Rico. It operates through multiple branches and is headquartered in the “Golden Mile” section of San Juan, Puerto Rico’s capital.

Scotiabank De Puerto Rico offers high-yield and basic checking accounts that come with ATM cards. One checking account option is designed to be a hybrid savings account by paying higher interest rates and allowing for unlimited deposits. Its savings account products consist of a standard savings account, a children’s savings account, automatic savings plans, and money market accounts. Its basic savings account offers a service fee waiver when minimum balance requirements are met. The bank’s CD offerings feature term lengths from 30 days to 5 years and include a flexible account that gives the account holder an option to cash out early without penalty. On the bank’s lending side it offers mortgage and consumer loans, as well as lines of credit.

Scotiabank De Puerto Rico online banking is optimized for mobile account management as well. It allows customers to transfer funds, view credit card history, pay bills, and look up checks. The bank’s website has also been optimized to make mobile banking a convenient and easy way to perform the aforementioned tasks.

Scotiabank is a Canadian-based international bank founded in 1832 with business operations in Latin America, the Caribbean, Central America, and Asia. It offers retail and commercial banking, global wealth management, corporate lending, and capital markets products and services. The band serves tens of millions of customers globally through these avenues.

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Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Scotiabank de Puerto Rico had $694.04 million in non-current loans and owned real-estate with $1.1 billion in equity and loan loss allowances on hand to cover it. This gives Scotiabank de Puerto Rico a Texas Ratio of 63.17% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Scotiabank de Puerto Rico decreased slightly from 75.33% as of June 30, 2013 to 63.17% as of June 30, 2014, resulting in a positive change of 16.14%.This indicates that the balance sheet and financial strength for Scotiabank de Puerto Rico has improved slightly in recent periods.

Deposit Growth


In the past year, Scotiabank de Puerto Rico has increased its total deposits by $86.69 million, resulting in 2.44% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Scotiabank de Puerto Rico has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Scotiabank de Puerto Rico has $5.12 billion in assets with $1.1 billion in equity, resulting in a capitalization level of 21.47%, which is excellent.

Institution Statistics

FDIC Certificate #22946
Year Established1979
Primary RegulatorFDIC
Assets and Liabilities
Assets$5.12 billion
Loans$3.96 billion
Deposits$3.63 billion
Equity Capital$914.56 million
Loan Loss Allowance$184.07 million
Unbacked Noncurrent Loans$676.98 million
Real Estate Owned$17.07 million
Historic Data - June 2013
Assets$5.82 billion
Equity Capital$866.34 million
Loan Loss Allowance$153.00 million
Unbacked Noncurrent Loans$676.98 million
Real Estate Owned$12.15 million
Profit Margin - Quarterly
Return on Assets0.41%
Return on Equity2.43%
Interest Income$150.92 million

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Scotiabank de Puerto Rico has 41 locations. Click to view all Scotiabank de Puerto Rico locations.