Scotiabank Q2 Financial Results
Net formations
Scotiabank
$ millions
Domestic
- Retail
73
- Commercial
44
117
International
Scotia Capital
- Canada
(1)
- U.S.
(27)
-
Europe
Total
(87) (115)
11
Domestic Retail: net formations of $73 mm
reflect strong volume growth - underlying
credit trends remain stable
Domestic Commercial: net formations of
$44 mm, due in part to the classification of
one account
International: net formations were $9 mm,
with retail formations in the Caribbean and
Latin America offset by commercial
declassifications in Asia and the Caribbean
Scotia Capital: negative net classifications
of $115 mm, due mainly to one account
each in Europe and the U.S.
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Scotiabank
$ millions
Trend in impaired loans
Q2/06
Q2/05
Q2/04
Gross Impaired Loans:
1,955
1,882
3,199
Net Impaired Loans*:
579
666
1,371
■ Q2/06: Gross impaired loans includes $324 mm of loans from acquisitions
(Peru: $319 mm, National Bank of Greece: $4 mm, Maple Trust $1 mm); these
amounts are fully provided for
■ Gross impaired loans have decreased more than $1.2 billion since Q2/04
■ Net impaired loans have decreased by almost $800 million since Q2/04
* after specific allowance
32View entire presentation