Scotiabank posts higher quarterly profit

Tue Mar 1, 2016 6:08am EST
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March 1 (Reuters) - Bank of Nova Scotia, Canada's third-largest bank, reported a 5.1 percent rise in quarterly profit, helped by growth in its international banking business.

The lender, known as Scotiabank, said net income in the first quarter ended Jan. 31 was C$1.81 billion ($1.34 billion), or C$1.43 per share, compared with C$1.73 billion, or C$1.35 per share, a year earlier. ($1 = 1.3516 Canadian dollars) (Reporting by Amrutha Gayathri in Bengaluru; Editing by Shounak Dasgupta)