2016 Year-End Financial Results
International Banking
Net Income ($MM)
Year-over-Year Highlights
Net Income up 9%
547
•
527
504
505
500
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Average Assets ($B)
•
•
Strong loan, deposit and fee growth in
Latin America
Higher contribution from affiliates
Good expense control
Positive impact of acquisitions
Partly offset by negative impact of foreign
currency translation
Loans up 5% and deposits up 14%
Ex. Foreign currency translation, loans up
8% (LatAm up 9%) and deposits up 14%
NIM up 7 bps, driven by widening
margins in Latin America
Net Interest Margin (%). PCL ratio improved by 2 bps
143 145
142
135
140
4.79 4.77
•
4.70
4.69
4.57
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
(1)
Attributable to equity holders of the Bank
9
•
Expenses up 3%
•
Acquisitions and inflationary increases
Partly offset by the positive impact of
foreign currency translation and benefits
of expense management program
Operating leverage of +2.9% in 2016
Strong volume growth and
operating leverage
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