International Banking: Second Half 2010 Outlook
Stable Net Interest Margin
(%)
1.76
1.76
1.71
1.74
1.73
Q2/09 Q3/09
Q4/09 Q1/10 Q2/10
Q2 margin benefited from...
•
Wider spreads on retail assets in
Canadian Banking
Offset by...
• Lower spreads in International &
Corporate Banking
• Increase in low yielding DWBs
Scotiabank
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Canadian Banking:
Strong Y/Y Performance in Retail & Wealth Mgmt.
Revenues (TEB)
($ millions)
Q2/10 vs. Q2/09 Revenues
Retail & Small Business
1,951
1,921
+ Higher margin
1,671
1,192
1,201
1,045
408
407
382
+ Asset & deposit growth
Commercial Banking
+ Net gain on investment securities
+ Widespread growth in fee based revenues
Wealth Management
+ Full service brokerage & mutual fund fees
+ Increased contributions from CI & DW
Q2/10 vs. Q1/10 Revenues
+5 bps increase in margin, asset growth
321
343
244
+ Higher wealth management revenues:
Q2/09
Q2/10
Q1/10
+ Increased contribution from CI, benefiting from
tax recovery
Retail & Small Business
Commercial Banking
Wealth Management
Scotiabank
30View entire presentation