Supplementary Financial Information Q1 2023
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Appendix 2: International Banking by Region― Reconciliation of non-GAAP Financial Measure (Net Interest Margin)
2023
2022
2021
Full Year
($ millions)
Q1
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
2022
2021
Latin America
(1)
Average total assets
Less: Non-earning assets
(1)
Average total earning assets
195,254 184,701
19,553 20,075
175,701 164,626
178,619 174,608 164,945 163,759 163,553 167,714 171,287
175,728 166,569
19,767 19,023 15,546 16,961 16,271 18,507 20,065 18,600 17,946
158,852 155,585 149,399 146,798 147,282 149,207 151,222 157,128 148,623
Less:
Trading Assets
5,115
5,354
4,847
4,376
Securities purchased under resale agreements and securities borrowed
Other deductions
2,923
2,353
2,175
145
2,894
2,380
1,884
2,118
5,287
200
2,121
5,453
6,007
6,146
5,654
4,971
5,812
1,227
2,009
(1)
Average core earning assets
164,769
154,539
149,946
148,946 141,791
139,336
Net Interest Income
1,487
1,405
1,402
1,365
1,328
1,278
2,544
138,731
1,267
2,456
140,605 143,513
1,329 1,429
2,055
2,125
2,265
148,805 140,546
5,500
5,303
Less:
Non-core net interest income
Net interest income on core earning assets
Net Interest Margin (%) (2)
Caribbean and Central America
Average total assets
(1)
Less: Non-earning assets
(54)
1,541
(73)
1,478
(1)
1,403
(4)
1,369
12
1,316
3.71
3.79
3.71
3.77
3.68
15
1,263
3.60
12
1,255
3.59
14
1,315
3.83
9
(66)
50
1,420
3.92
5,566
5,253
3.74
3.74
35,124
2,662
(1)
Average total earning assets
32,462
34,522 33,219
2,611 2,656
31,911 30,563
32,409 32,177
2,718 2,720
29,691 29,457
31,378
2,744
28,634
30,869
2,759
28,110
32,093
2,851
29,242 30,432
33,359
2,927
33,087
31,923
2,676
2,819
30,411
29,104
Less:
Trading Assets
16
14
12
7
Securities purchased under resale agreements and securities borrowed
Other deductions
109
81
70
38
3,566
3,550
3,534
3,369
[1]
Average core earning assets
28,771
28,266
412
401
26,947
357
26,322
322
3,394
26,063
321
2,933
2,957
25,701
310
25,153
318
3,176
26,066
333
3,527
3,462
3,149
26,905
360
26,904
25,955
1,401
1,321
Net Interest Income
Less:
Non-core net interest income
Net interest income on core earning assets
Net Interest Margin (%) (2)
(1) Average balances represents the average of daily balance for the period
412
401
357
322
321
310
318
333
360
1,401
1,321
5.68
5.63
5.25
5.02
4.88
4.79
5.02
5.24
5.31
5.21
5.09
(2) Refer to Non-GAAP measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com for a description of the measure.
Scotiabank
Supplementary Financial Information (SFI)
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