Global Wealth & Insurance and Banking Performance Review
Global Wealth & Insurance
1
Net Income ($MM)
327
"
310
310
285
302
Q1/13 Q2/13 Q3/13 Q4/13 Q1/14
AUM ($B)
AUA ($B)
153
326
338
145
304
313 311
131
135 135
Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14
(1) Attributable to equity holders of the Bank
11
Highlights
1
Very good quarter, net income up
15% Y/Y
Strong broad-based results
Recent acquisitions
Double-digit AUM & AUA growth Y/Y
New client acquisitions
Improved market conditions
Acquisition of AFP Horizonte in Peru
■ Positive operating leverage of 0.4%
Y/Y
Global Banking & Markets
1
Net Income ($MM)
388
378
352
337
339
Very good results across all
businesses
Scotiabank
Highlights
■ Net income down 13% Y/Y
Continuing market challenges in certain
capital market businesses & U.S. lending
Higher investment banking fees
Results stable Q/Q
■ Modest loan growth of 2% Y/Y
■ NIM up 4 bps Q/Q
■ Credit performance remains strong
Expenses up 12% Y/Y
Higher remuneration, technology and
support costs
Q1/13 Q2/13 Q3/13
Average Loans² ($B)
Q4/13 Q1/14
Net Interest Margin³ (%)
2.46
39
40
40
2.36 2.39
39 38
2.10 2.14
-
Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14
(1)
Attributable to equity holders of the Bank
(2) Average Business & Government Loans & Acceptances
(3)
Global Corporate & Investment Banking only
12
Strong corporate & investment
banking results partly offsetting
weaker capital markets
Scotiabank
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