Canadian and International Banking Performance
12
Strength in Capital Ratios
Capital Ratios (%)
11.7
11.8
11.8
12.0
11.2
9.4
9.7
9.9
9.3
8.8
•
Scotiabank
YTD internal capital generation of
$1,514MM (vs. $980MM in 2010)
• YTD stock issued under DRIP:
$302MM (vs. $304MM in 2010)
• Share issuance for the acquisition
of DundeeWealth
Q2/10 Q3/10 Q4/10 Q1/11
Q2/11
•
Tangible Common Equity
Tier 1
-
$1.8B in common shares
-
$409MM in preferred shares
Year-over-year increase in TCE
ratio despite DundeeWealth
acquisition
Canadian Banking: Asset Growth, Margin Pressure
451
Net Income
($ millions)
497
444
•
Q2/10
Q1/111
Q2/11
•
(1) Restated due to adopting new accounting standards
Scotiabank
•
Year-over-Year
Revenues down 4%
- Margin compression
+ Asset growth, primarily through market share
gains in mortgages
+ Deposit growth
PCLs down $44MM or 23%
Expenses up 2%
- Higher pension expenses and impact of HST
Quarter-over-Quarter
• Revenues down 6%
- Lower interest income from fewer days in
quarter, modest margin compression
- Lower gains on securities
PCLs down $20MM
Expenses flat
+ Lower stock-based compensation
+ Excluding the one time gain from pension
plan wind-up in Q1, expenses decreased
CO
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