Scotiabank Financial Performance Review
All major business lines
delivered strong earnings
Scotiabank
net income available to common shareholders, $ millions
21%
1,550
1,279
Domestic
2006 2007
17%
6%
1,232
1,114
1,054
1,047
International
Scotia Capital
Domestic: Record net income driven by strong asset and deposit growth partly offset by lower
margin, primarily due to higher wholesale funding costs. Retail banking, wealth management,
commercial banking, and small business all generated solid results.
International: Record net income reflecting organic growth driven by strong asset growth
across the division and the increased contribution from acquisitions, largely Peru and Costa Rica.
Scotia Capital: Record net income with solid results from Corporate and Investment banking,
both from lending and investment banking, and Global Capital Markets, from strong underlying trading
results, notwithstanding losses on structured credit instruments.
Scotiabank
Delivered on 2007 key priorities
Priorities
Performance
1. Sustainable revenue growth 12% growth
2. Effectively manage capital
8 acquisitions: $2B+
Strong TCE: 7.2%
3. Leadership development
Depth of talent
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