PRINCIPAL SUBSIDIARIES
Principal Subsidiaries(1)
As at October 31, 2006 ($ millions) | Principal office | Carrying value of shares | ||||
Canadian | ||||||
BNS Capital Trust | Toronto, Ontario | $ | 121 | |||
BNSII Group | Toronto, Ontario | $ | 9,115 | |||
Montreal Trust Company of Canada | Montreal, Quebec | |||||
MontroServices Corporation | Montreal, Quebec | |||||
Scotia Merchant Capital Corporation | Toronto, Ontario | |||||
BNS Investments Inc. | Toronto, Ontario | |||||
Maple Trust Company | Toronto, Ontario | $ | 232 | |||
National Trustco Inc. | Toronto, Ontario | $ | 472 | |||
The Bank of Nova Scotia Trust Company | Toronto, Ontario | |||||
National Trust Company | Toronto, Ontario | |||||
RoyNat Inc. | Toronto, Ontario | $ | 60 | |||
Scotia Capital Inc. | Toronto, Ontario | $ | 257 | |||
Scotia Cassels Investment Counsel Limited | Toronto, Ontario | $ | 10 | |||
Scotia Life Insurance Company | Toronto, Ontario | $ | 79 | |||
Scotia Mortgage Corporation | Toronto, Ontario | $ | 235 | |||
Scotia Mortgage Investment Corporation | St. John’s, Newfoundland | $ | 54 | |||
Scotia Securities Inc. | Toronto, Ontario | $ | 490 | |||
Scotiabank Capital Trust(2) | Toronto, Ontario | $ | 8 | |||
International | ||||||
The Bank of Nova Scotia Berhad | Kuala Lumpur, Malaysia | $ | 144 | |||
The Bank of Nova Scotia International Limited | Nassau, Bahamas | $ | 7,323 | |||
BNS International (Barbados) Limited | Warrens, Barbados | |||||
Corporacion Interfin | San Jose, Costa Rica | |||||
The Bank of Nova Scotia Asia Limited | Singapore | |||||
The Bank of Nova Scotia Trust Company (Bahamas) Limited | Nassau, Bahamas | |||||
Scotiabank & Trust (Cayman) Limited | Grand Cayman, Cayman Islands | |||||
Scotia Insurance (Barbados) Limited | Warrens, Barbados | |||||
Scotiabank (Bahamas) Limited | Nassau, Bahamas | |||||
Scotiabank (British Virgin Islands) Limited | Road Town, Tortola, B.V.I. | |||||
Scotiabank (Hong Kong) Limited | Hong Kong, China | |||||
Scotiabank (Ireland) Limited | Dublin, Ireland | |||||
The Bank of Nova Scotia Jamaica Limited (70%) | Kingston, Jamaica | $ | 299 | |||
Grupo Financiero Scotiabank, S.A. de C.V. (97%) | Mexico, D.F., Mexico | $ | 1,892 | |||
Nova Scotia Inversiones Limitada | Santiago, Chile | $ | 408 | |||
Scotiabank Sud Americano, S.A. (99%) | Santiago, Chile | |||||
Scotia Capital (USA) Inc. | New York, New York | (3) | ||||
Scotia Holdings (US) Inc. | Atlanta, Georgia | (4) | ||||
The Bank of Nova Scotia Trust Company of New York | New York, New York | |||||
Scotiabanc Inc. | Atlanta, Georgia | |||||
Scotia International Limited | Nassau, Bahamas | $ | 618 | |||
Grupo BNS de Costa Rica, S.A. | San Jose, Costa Rica | |||||
Scotiabank Anguilla Limited | The Valley, Anguilla | |||||
Scotiabank de Puerto Rico | Hato Rey, Puerto Rico | $ | 201 | |||
Scotiabank El Salvador, S.A. (99%) | San Salvador, El Salvador | $ | 332 | |||
Scotiabank Europe plc | London, England | $ | 2,138 | |||
Scotiabank Peru, S.A. (77.6%) | Lima, Peru | $ | 467 | |||
Scotiabank Trinidad & Tobago Limited (51%) | Port of Spain, Trinidad | $ | 136 | |||
(1) | The Bank owns 100% of the outstanding voting shares of each subsidiary unless otherwise noted. The listing includes major operating subsidiaries only. | |
(2) | In terms of current accounting standards, this entity is not consolidated as the Bank is not the primary beneficiary. | |
(3) | The carrying value of this subsidiary is included with that of its parent, Scotia Capital Inc. | |
(4) | The carrying value of this subsidiary is included with that of its parent, BNS Investments Inc. |
132 2006 SCOTIABANK ANNUAL REPORT