Dec 20 (Reuters) - Bank of Nova Scotia BNS.TO :
* PRESS RELEASE - SCOTIABANK ANNOUNCES THE SALE OF ITS PENSION AND INSURANCE OPERATIONS IN THE DOMINICAN REPUBLIC TO GRUPO RIZEK
* TRANSACTION IS NOT FINANCIALLY MATERIAL TO SCOTIABANK
* THIS TRANSACTION IS NOT FINANCIALLY MATERIAL TO SCOTIABANK
* UPON CLOSING, SALE WILL RESULT IN CAPITAL GAIN & INCREASE OF ABOUT 10 BASIS POINTS TO CO'S COMMON EQUITY TIER ONE CAPITAL RATIO