Scotiabank Financial Overview

Scotia Capital expenses Scotiabank $ millions Total Non-Interest Expenses 254 253 300 200 100 256 214 198 Jull 0 Q2/05 Q3/05 Q4/05 Q1/06 Q2/06 Year/Year: down 1% ▪ Lower performance-related compensation ■ Partly offset by Waterous acquisition Impact of foreign currency translation: $6 mm Quarter/Quarter: flat ■ Lower salaries and stock-based compensation Higher professional fees and technology ด Scotiabank 27 Risk Review Brian Porter Chief Risk Officer 28

View entire presentation