International Banking Revenue and Loan Growth
INTEGRATION UPDATE
Estimated accretion to diluted EPS remain unchanged
Closed acquisition of MD Financial. Completed merger of BBVA Chile.
BBVA integration proceeding well
• Minimal customer attrition at MD Financial and Jarislowsky Fraser
Remaining acquisition-related costs to be incurred in 2019 and 2020
Integration costs of $140-$190 million
• Amortization of intangibles of $180-$200 million
⚫ Neutral impact to Adjusted EPS in fiscal 2019; ~$0.15 accretive in fiscal 2020
Acquisition
Impact
Closing/Expected
Closing
MD
Canada
JARISLOWSKY
FRASER
Increased wealth management assets to $230B.
Creates 3rd largest active asset manager in Canada.
Closed
Chile
BBVA
Doubled market share to 14%. Creates 3rd largest
private bank.
Closed
Peru
banco
cencosud
Creates #2 bank in credit cards.
Q1/19*
Colombia
Citibank
Market leader in credit cards at 24% market share
Closed
Dominican
Republic
PROGRESO
Doubles customer base. Creates 4th largest full-service
bank.
Q1/19*
*Subject to regulatory approvals and closing conditions
Scotiabank®
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