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Principal Subsidiaries and Non-Controlling Interests in Subsidiaries (Tables) | 12 Months Ended
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Oct. 31, 2025
Text Block [Abstract] |
Summary of Subsidiaries | The following table presents certain operating subsidiaries the Bank owns, directly or indirectly. All of these subsidiaries are included in the Bank’s consolidated financial statements.
|  |  |  | Carrying value of shares |
As at October 31 ($ millions) |  | Principal office |  | 2025 |  |  | 2024 |
Canadian |  |  |  |  |  |  |  |  |  |
Scotia Capital Inc. |  | Toronto, Ontario |  | $ | 4,694 |  |  | $ | 4,160 |
BNS Investments Inc. |  | Toronto, Ontario |  |  | 22,545 |  |  |  | 23,860 |
1832 Asset Management L.P. |  | Toronto, Ontario |  |  |  |  |  |  |  |
Montreal Trust Company of Canada |  | Montreal, Quebec |  |  |  |  |  |  |  |
MD Financial Management Inc. |  | Ottawa, Ontario |  |  | 2,939 |  |  |  | 2,826 |
Jarislowsky, Fraser Limited |  | Montreal, Quebec |  |  | 974 |  |  |  | 956 |
Scotia Securities Inc. |  | Toronto, Ontario |  |  | 69 |  |  |  | 73 |
Tangerine Bank |  | Toronto, Ontario |  |  | 3,711 |  |  |  | 4,154 |
The Bank of Nova Scotia Trust Company |  | Toronto, Ontario |  |  | 764 |  |  |  | 704 |
Scotia Mortgage Corporation |  | Toronto, Ontario |  |  | 606 |  |  |  | 843 |
National Trust Company |  | Stratford, Ontario |  |  | 499 |  |  |  | 408 |
Roynat Inc. |  | Calgary, Alberta |  |  | 785 |  |  |  | 741 |
Scotia Dealer Advantage Inc. |  | Hamilton, Ontario |  |  | 977 |  |  |  | 924 |
International |  |  |  |  |  |  |  |  |  |
Scotia Holdings (USA) LLC |  | New York, New York |  |  | 7,698 |  |  |  | 7,654 |
Scotia Capital (USA) Inc. |  | New York, New York |  |  |  |  |  |  |  |
Scotia Financing (USA) LLC |  | New York, New York |  |  |  |  |  |  |  |
Nova Scotia Inversiones Limitada |  | Santiago, Chile |  |  | 7,370 |  |  |  | 7,489 |
Scotiabank Chile S.A. (99.79%) |  | Santiago, Chile |  |  |  |  |  |  |  |
Grupo Financiero Scotiabank Inverlat, S.A. de C.V. (97.39%) |  | Mexico City, Mexico |  |  | 8,821 |  |  |  | 6,966 |
Scotiabank Inverlat, S.A. |  | Mexico City, Mexico |  |  |  |  |  |  |  |
Scotia Peru Holdings S.A. |  | Lima, Peru |  |  | 6,920 |  |  |  | 5,779 |
Scotiabank Peru S.A.A. (99.31%) |  | Lima, Peru |  |  |  |  |  |  |  |
Multiacciones S.A.S. (2) |  | Bogota, Colombia |  |  | 424 |  |  |  | 973 |
Scotiabank Colpatria, S.A. (56.00%) (2)(3) |  | Bogota, Colombia |  |  |  |  |  |  |  |
Scotiabank Brasil S.A. Banco Multiplo |  | Sao Paulo, Brazil |  |  | 1,142 |  |  |  | 796 |
Scotia Uruguay Holdings S.A. |  | Montevideo, Uruguay |  |  | 757 |  |  |  | 681 |
Scotiabank Uruguay S.A. |  | Montevideo, Uruguay |  |  |  |  |  |  |  |
Scotiabank Republica Dominicana, S.A. – Banco Multiple (99.80%) |  | Santo Domingo, Dominican Republic |  |  | 823 |  |  |  | 943 |
Scotiabank Caribbean Holdings Ltd. |  | Bridgetown, Barbados |  |  | 1,966 |  |  |  | 1,608 |
Scotia Group Jamaica Limited (71.78%) |  | Kingston, Jamaica |  |  |  |  |  |  |  |
Scotiabank Trinidad and Tobago Limited (50.90%) |  | Port of Spain, Trinidad and Tobago |  |  |  |  |  |  |  |
Scotiabank (Barbados) Limited |  | Bridgetown, Barbados |  |  | 286 |  |  |  | 237 |
BNS International (Bahamas) Limited |  | Nassau, Bahamas |  |  | 10,612 |  |  |  | 11,180 |
The Bank of Nova Scotia Trust Company (Bahamas) Limited |  | Nassau, Bahamas |  |  |  |  |  |  |  |
Scotiabank (Bahamas) Limited |  | Nassau, Bahamas |  |  |  |  |  |  |  |
Scotiabank & Trust (Cayman) Ltd. |  | Grand Cayman, Cayman Islands |  |  |  |  |  |  |  |
Grupo BNS de Costa Rica, S.A. (2) |  | San Jose, Costa Rica |  |  |  |  |  |  |  |
Scotiabank (Ireland) Designated Activity Company |  | Dublin, Ireland |  |  |  |  |  |  |  |
(1) | The Bank (or immediate parent of an entity) owns 100% of the outstanding voting shares of each subsidiary unless otherwise noted.
(2) | In Q1 2025, the Bank entered into an agreement to sell its banking operations in Colombia, Costa Rica and Panama to Davivienda. The transaction was completed on December 1, 2025. Refer to Note 35 for details.
(3) | The Bank made a capital contribution to Scotiabank Colpatria S.A. in May 2025 which increased its ownership interest to 56.00% following the subsequent issuance of additional shares.
Summary of Non-controlling Interests | The Bank’s significant non-controlling interests in subsidiaries are comprised of the following entities:
|  | As at and for the year ended |
|  |  |  |  | 2025 |  |  | 2024 |
|  | Non-controlling interest % |  |  | Non-controlling interests in subsidiaries |  |  | Dividends paid to non-controlling interest |  |  | Non-controlling interests in subsidiaries |  |  | Dividends paid to non-controlling interest |
Scotiabank Chile S.A. |  |  | 0.20% – 49.10 | % |  | $ | 262 |  |  | $ | 8 |  |  | $ | 256 |  |  | $ | 24 |
Scotiabank Colpatria S.A. (1) |  |  | 44.00% – 47.00 | % |  |  | 323 |  |  |  | – |  |  |  | 405 |  |  |  | – |
Scotia Group Jamaica Limited |  |  | 28.22 | % |  |  | 379 |  |  |  | 14 |  |  |  | 350 |  |  |  | 13 |
Scotiabank Trinidad and Tobago Limited |  |  | 49.10 | % |  |  | 491 |  |  |  | 51 |  |  |  | 464 |  |  |  | 49 |
Other |  |  | 0.0005% – 49.35 | % (2) |  |  | 266 |  |  |  | 9 |  |  |  | 232 |  |  |  | 2 |
Total |  |  |  |  |  | $ | 1,721 |  |  | $ | 82 |  |  | $ | 1,707 |  |  | $ | 88 |
(1) | Non-controlling interest holders for Scotiabank Colpatria S.A. have a right to sell their holding to the Bank after the end of the 7th anniversary (January 17, 2019) and at subsequent pre-agreed intervals, into the future, at fair market value that can be settled at the Bank’s discretion, by issuance of common shares or cash.
(2) | Range of non-controlling interest % for other subsidiaries.
Summary of financial information of Bank's subsidiaries with significant non-controlling interests | Summarized financial information of the Bank’s subsidiaries with significant non-controlling interests are as follows:
|  | As at and for the year ended October 31, 2025 |  |  | As at and for the year ended October 31, 2024 |
($ millions) |  | Revenue |  |  | Total comprehensive income (loss) |  |  | Total assets |  |  | Total liabilities |  |  | Revenue |  |  | Total comprehensive income (loss) |  |  | Total assets |  |  | Total liabilities |
Total |  | $ | 4,522 |  |  | $ | 602 |  |  | $ | 95,993 |  |  | $ | 84,493 |  |  | $ | 4,455 |  |  | $ | 226 |  |  | $ | 93,051 |  |  | $ | 82,223 |

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