02:01 PM EDT, 03/12/2026 (MT Newswires) -- Scotiabank's (BNS.TO) chief financial officer Raj Viswanathan says the bank is ahead of its 5-year plan, making "exceptional" progress with contribution from all segments, has good balance sheet strength, and is pivoted to growth with more work to be done.

Viswanathan spoke at RBC's Global Financial Institution's Conference this week.

Scotiabank is confident in its Canadian Banking business driving 55-65 bps of ROE improvement (55 bps being the base case) through improvements in risk adjusted margin, and restructuring benefits. The bank believes its Mortgage+ multi-product strategy, which was introduced 2.5 years ago, and which aims to build multi-product relationships with clients, is a competitive advantage.

The bank plans to accelerate technology investments by ~5% to 10%, which will be focused on cloud, cybersecurity, and data for AI to work efficiently. It views geopolitical and tariff uncertainties as manageable in its stress tests and pessimistic credit scenarios, Viswanathan adds.

RBC has a sector perform rating and $106.00 price target on Scotiabank.

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