{
  "id": 8518133,
  "title": "Bank of Nova Scotia Sees Commercial Growth as Digital, Fee Strategy Gains Traction",
  "url": "https://urgent.news/2026/09/19/bank-of-nova-scotia-sees-commercial-growth-as-digital-fee-strategy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-19T19:02:02.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/bank-nova-scotia-sees-commercial-190202813.html"
  },
  "original_language": "en",
  "account": "Bank of Nova Scotia (Scotiabank) is witnessing commercial banking momentum, with a strong deal pipeline, 10% year-over-year growth in small-business lending, and five consecutive quarters of declining commercial credit-loss provisions. The bank is expanding in defense, energy, oil and gas, and regional markets across Canada. Revenue diversification is improving returns, with fee revenue rising more than 20% over the past two quarters and net interest margin expanding for five consecutive quarters. Digital and relationship-banking initiatives are gaining traction, with 40% of third-quarter sales coming from digital channels. Scotiabank is also deploying AI to improve underwriting and productivity, leading to nearly 70% time savings in mortgage verification. Group Head of Canadian Banking Aris Bogdaneris stated that the bank's commercial clients are resilient despite tariff and trade-policy uncertainty. The bank has committed CAD 100 billion to Canadian industry and is active in oil and gas, defense, and Western Canada. Small-business lending is growing 10% year-over-year, and commercial provisions for credit losses have declined for five consecutive quarters. The bank expects opportunities related to defense, energy, and oil and gas to support commercial banking growth.",
  "summary": null,
  "key_points": [
    "Scotiabank sees commercial banking growth with strong deal pipeline",
    "Small-business lending up 10% year-over-year, credit-loss provisions declining",
    "Digital channels account for 40% of third-quarter sales"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}