Canadian and International Banking Update
Scotiabank
net income ($ millions)
Strong Core Earnings in
Three Main Businesses
466
438
373
289
227
388
300
191
Q1/08 Q4/08 Q1/09
44
Other*
Canadian
International
Scotia Capital
(18)
Year over year
Canadian Banking: Strong deposit & asset growth, higher PCLS
International: Solid growth, positive impact of acquisitions & FX, higher PCLS
(284)
(422)
Scotia Capital: Record revenues in some capital market businesses, low loan losses
Other: Increased funding costs, securities write-downs
* includes Group Treasury and other corporate items, which are not allocated to a business line
Scotiabank
5
Higher Capital Ratios
Capital ratios (%)
11.4
11.1
Total
10.2
9.0
9.3
9.5
Tier 1
TCE
7.8
7.2
7.3
■ Raised $2.5 billion of
capital in Q1
■ Further capacity to
raise innovative capital
■ Lower risk-weighted
assets
O High quality of capital
Q1/08
Q4/08
Q1/09
6View entire presentation