Q3/09 Financial Performance Overview
Scotiabank
Canadian Banking
Volume Growth
Average Balances ($BN)
Q3/09
Q2/09
Q3/08
Y/Y
Q/Q
Residential
119.9
118.0
112.3
6.7%
1.6%
Mortgages*
Personal Loans
35.8
34.2
29.6
21.0%
4.6%
Credit Cards**
9.2
9.1
8.8
4.5%
0.7%
Non-Personal
Loans &
25.0
25.7
25.9
(3.6)%
(2.8)%
Acceptances
Personal Deposits
93.8
92.3
85.2
10.1%
1.6%
Non-Personal
52.5
48.9
43.3
21.5%
7.4%
Deposits
Wealth Mgmt.
126.8
116.2
130.3
AUA
(2.7)%
9.1%
* before securitization
** Includes ScotiaLine VISA
Scotiabank
33
International Banking
Solid Underlying Quarter
Q3/09
Q2/09
Change
Q/Q
Comments on Q/Q Movements
■ improved margins
NII
979
959
20
Other
296
349
Income
(53)
■ decrease in average assets, mainly forex impact
■ $(79)MM write-down on an equity investment
■ lower treasury & transaction driven revenues
positive FV changes in certain financial instruments
■ $36MM Q2/09 loss on sale of a portion of Mexico's
performing credit card portfolio
Expenses
718
729
(11)
■ down 2% due to forex
PCL
179
115
64
Net Income
312
332
(20)
■ Q2/09 benefited from reversal of a $29MM retail
provision no longer required in Mexico
▪ some commercial PCLs (vs Q2/09 net recoveries)
■up 1% excluding forex
■ continued focus on expense & risk management
34View entire presentation