International Banking - Annual Overview
INTERNATIONAL BANKING - ANNUAL
Strong results in Latin America and the Caribbean & Central America
FINANCIAL PERFORMANCE AND METRICS¹ ($MM)
2017
2016 Change
Revenue $10,414
$9,841
+6%
Expenses
$5,664
$5,523
+3%
PCLs
$1,294
$1,281
+1%
Net Income
$2,390
$2,079
+15%
Productivity Ratio
54.4%
Net Interest Margin
4.79%
4.71%
56.1% -170bps
+8bps
PCL Ratio
1.21%
1.26%
-5bps
NET INCOME¹ ($MM) AND NIM (%)
4.71%
4.71%
•
·
4.79%
2,390
2,079
1,853
•
ANNUAL HIGHLIGHTS
Net Income up 15%
。 Strong results in Latin America, driven by the Pacific
Alliance, and the Caribbean & Central America
o Higher net interest income and fees
Good loan growth, lower commercial provisions and
benefits of cost-reduction initiatives
o Partly offset by higher income taxes
NIM up 8 bps
。 Changes in business mix, strong retail loan growth
and higher spreads related to Central Bank rate
changes
PCL ratio improved by 5 bps
Expenses up 3%
。 Higher investments in digital and technology
o Volume growth and inflation
o Impact of acquisitions
。 Partly offset by savings from cost reduction initiatives
and foreign currency translation
Operating leverage of +3.3% for the year
FY15
1 Attributable to equity holders of the Bank
FY16
FY17
6 Scotiabank® | 24View entire presentation