Scotia Group Jamaica reported net income of $16.2 billion for the nine months ended July 31, 2026, according to a media release issued September 10. The Group’s asset base grew by $100.4 billion, or 13%, to reach $853.2 billion over the same period.

The Board of Directors approved a third-quarter dividend of 45 cents per stock unit. The payment is scheduled for October 22, 2026, to stockholders of record as of September 30, 2026.

Total revenues, excluding credit losses, reached $56.4 billion, an 11% increase over the prior year, the company said. Total deposits climbed to $577.5 billion, up 12% year over year, a trend Scotia Group attributed to sustained client confidence. Lending activity also picked up: the Scotia Plan Loan portfolio expanded by 16%, while the mortgage book grew 19% compared with the previous year as clients financed home and asset purchases.

In the Commercial segment, deposits rose 15% year over year, a gain the Group linked to growing primary client relationships and higher transaction volumes moving through its digital channels. Commercial loans increased 13% over the same period, which the company described as support for business investment in the productive economy.

Scotia Investments Jamaica Limited recorded a 12% increase in assets under management year over year, tied to the firm’s wealth management push. On the insurance side, Scotia Jamaica Life Insurance Company posted an 8% rise in gross written premiums, while Scotia General Insurance Agency saw a sharper jump: gross written premiums and policy sales each grew 43% year over year.

The release also noted continued movement on Scotia Group’s proposed privatisation, which remains before the courts for approval. An extraordinary general meeting tied to the transaction is set for October 7 at 11 a.m. at the AC Marriott Hotel in Kingston.

A shareholdings report filed with the Jamaica Central Securities Depository as at July 31, 2026 shows Scotiabank Caribbean Holdings Limited, the Barbados-domiciled parent, controls 72.76% of Scotia Group’s 3.11 billion issued shares. The next-largest holder, Sagicor Pooled Equity Fund, owns just under 2%. Combined, the top 10 shareholders hold 82.56% of the company, meaning minority investors outside that group share roughly 17% of the register. Separate filings show the company’s directors collectively hold about 0.006% of shares, and senior managers hold roughly 0.058%, figures that underscore how concentrated in the parent’s hands the privatisation vote will be.

If approved, the company said the transaction is expected to improve operational efficiency and give Scotiabank more flexibility to respond to market conditions.