EX-99.4 5 t18807exv99w4.htm EX 4 PRINCIPAL SUBSIDIARIES exv99w4
 

PRINCIPAL SUBSIDIARIES
             
Principal Subsidiaries(1)          
As at October 31, 2005 ($ millions)   Principal office   Carrying value of shares  
 
Canadian
            
BNS Capital Trust
   Toronto, Ontario   $ 121  
 
BNS Investments Inc.
   Toronto, Ontario   $ 7,381  
Montreal Trust Company of Canada
   Montreal, Quebec        
MontroServices Corporation
   Montreal, Quebec        
Scotia Merchant Capital Corporation
   Toronto, Ontario        
 
National Trustee Inc.
   Toronto, Ontario   $ 482  
The Bank of Nova Scotia Trust Company
   Toronto, Ontario        
National Trust Company
   Toronto, Ontario        
 
RoyNat Inc.
   Toronto, Ontario   $ 56  
 
Scotia Capital Inc.
   Toronto, Ontario   $ 209  
 
Scotia Cassels Investment Counsel Limited
   Toronto, Ontario   $ 11  
 
Scotia Life Insurance Company
   Toronto, Ontario   $ 66  
 
Scotia Mortgage Corporation
   Toronto, Ontario   $ 219  
 
Scotia Mortgage Investment Corporation
   St. John's, Newfoundland   $ 58  
 
Scotia Securities Inc.
   Toronto, Ontario   $ 302  
 
Scotiabank Capital Trust(2)
   Toronto, Ontario   $ 9  
 
International
            
The Bank of Nova Scotia Berhad
   Kuala Lumpur, Malaysia   $ 137  
 
The Bank of Nova Scotia International Limited
   Nassau, Bahamas   $ 6,978  
BNS International (Barbados) Limited
   Warrens, Barbados        
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   $ 270  
 
Grupo Financiero Scotiabank Inverlat, S.A. de C.V. (97%)
   Mexico, D.F., Mexico   $ 1 ,445  
 
Nova Scotia Inversiones Limitada
   Santiago, Chile   $ 379  
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   $ 502  
Corporacion Mercaban de Costa Rica, S.A.
   San Jose, Costa Rica        
Scotiabank Anguilla Limited
   The Valley, Anguilla        
 
Scotiabank de Puerto Rico
   Hato Rey, Puerto Rico   $ 223  
 
Scotiabank El Salvador, S.A.
   San Salvador, El Salvador   $ 313  
 
Scotiabank Europe plc
   London, England   $ 1,951  
 
Scotiabank Trinidad & Tobago Limited (51% )
   Port of Spain, Trinidad   $ 124  
 
Scotia Capital (Europe) Limited
   London, England   $ 16  
 
 
(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.
     
    Scotiabank 2005 Annual Report     133