March 7 (Reuters) - Bank of Nova Scotia ( BNS ) raised

CEO Scott Thomson's salary by about 27% to C$9.76 million ($6.80

million) in 2024, according to a proxy circular released by the

Canadian lender on Friday.

The move is in line with the country's banking peers like

Royal Bank of Canada ( RY ) and National Bank of Canada ( NTIOF )

, which also raised CEO pays post mega deals.

Scotiabank also managed to strike a $2.8 billion deal last

year with KeyCorp ( KEY ) to acquire 14.99% of voting shares in

the U.S. regional lender, as the bank refocuses on the North

American trade corridor as part of its new strategy.

However, the bank suffered an impairment loss, which lowered

its first quarter profit, as it transferred its operations in

Colombia, Costa Rica and Panama to Davivienda, in exchange for a

20% stake in the Colombian bank.

CEO Thomson's salary target for 2025 will be C$11.5 million,

Scotiabank said, nearly 21% higher than his target salary in

2024.

"Under Thomson's leadership, Scotiabank has successfully

laid the groundwork necessary to execute our vision to deliver

profitable and sustainable growth," the bank said in the

circular.

($1 = 1.4363 Canadian dollars)