Q3/09 Financial Performance Overview
Scotiabank
Disciplined Expense Management
Non-interest expenses
($ millions)
1,889
1,959
1,886
1,068
1,024
1,093
379
382
361
460
483
484
-
Q3/08
Q2/09
Q3/09
Salaries & employee benefits
Premises & technology
Other
Scotiabank
Q3/09 vs. Q2/09 expenses: up 4%
-
underlying expenses remain very well controlled
higher performance based compensation
increased stock based compensation
+ positive impact of forex
Q3/09 vs. Q3/08 expenses: up 4%
expenses down 1% excluding acquisitions & forex
growth initiatives
lower advertising & professional fees
11
Higher Capital Ratios
Capital ratios (%)
Q/Q
+ internal capital generation: $0.4B
10.4
+ new capital issuance: $0.8B (1)
Tier 1
9.8
9.5
9.6
9.3
+ underlying RWA decline: $7.0B
TCE
7.6
7.8
7.7
8.0
7.3
Q3/08 Q4/08 Q1/09 Q2/09
(1) Includes DRIP
Q3/09
12
Y/Y
+ internal capital generation: $0.8B
+ new capital issuances: $1.8B
+ common share issuance: $1.0B (1)View entire presentation