Scotiabank (Ireland) Designated Activity Company

Scotiabank (Ireland) Designated Activity Company is an Irish-incorporated entity within The Bank of Nova Scotia group, based in Dublin’s International Financial Services Centre and structured as a designated activity company under the Companies Act 2014, which limits its permitted objects to those set out in its constitution. It serves primarily corporate and institutional clients rather than the retail market, and its activities are focused on corporate lending, interbank placements, treasury and liquidity management, and the use of derivatives for hedging and balance sheet management in support of client and group needs. The company prepares statutory financial statements under IFRS, files with the Companies Registration Office, and is consolidated into the parent’s group reporting; public insights into scale, profitability, funding mix, and capital position are therefore largely available through those filings and the parent’s disclosures. Risk arises mainly from credit exposures to corporates and financial institutions and from interest rate and currency mismatches, with market risk typically mitigated through hedging policies aligned to group standards. Governance is delivered through a local board, with oversight, risk, and compliance frameworks adapted from the group and applied under Irish and EU requirements relevant to its activities, including prudential, conduct, and anti-financial crime rules. The company does not operate a branch network or offer consumer banking products in Ireland, and it relies on institutional and intragroup funding channels rather than retail deposits; any use of ratings, guarantees, or support is linked to The Bank of Nova Scotia’s standing rather than an independent retail franchise.