International Banking Revenue and Loan Growth
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
From time to time, our public communications often include oral or written forward-
looking statements. Statements of this type are included in this document, and may be
included in other filings with Canadian securities regulators or the U.S. Securities and
Exchange Commission, or in other communications. In addition, representatives of the
Bank may include forward-looking statements orally to analysts, investors, the media
and others. All such statements are made pursuant to the "safe harbor" provisions of the
U.S. Private Securities Litigation Reform Act of 1995 and any applicable Canadian
securities legislation. Forward-looking statements may include, but are not limited to,
statements made in this document, the Management's Discussion and Analysis in the
Bank's 2018 Annual Report under the headings "Outlook" and in other statements
regarding the Bank's objectives, strategies to achieve those objectives, the regulatory
environment in which the Bank operates, anticipated financial results, and the outlook for
the Bank's businesses and for the Canadian, U.S. and global economies. Such
statements are typically identified by words or phrases such as "believe," "expect,"
"foresee," "forecast," "anticipate," "intend," "estimate," "plan," "goal," "project," and similar
expressions of future or conditional verbs, such as "will," "may," "should," "would" and
"could."
By their very nature, forward-looking statements require us to make assumptions and
are subject to inherent risks and uncertainties, which give rise to the possibility that our
predictions, forecasts, projections, expectations or conclusions will not prove to be
accurate, that our assumptions may not be correct and that our financial performance
objectives, vision and strategic goals will not be achieved.
We caution readers not to place undue reliance on these statements as a number of risk
factors, many of which are beyond our control and effects of which can be difficult to
predict, could cause our actual results to differ materially from the expectations, targets,
estimates or intentions expressed in such forward-looking statements.
The future outcomes that relate to forward-looking statements may be influenced by
many factors, including but not limited to: general economic and market conditions in the
countries in which we operate; changes in currency and interest rates; increased funding
costs and market volatility due to market illiquidity and competition for funding; the failure
of third parties to comply with their obligations to the Bank and its affiliates; changes in
monetary, fiscal, or economic policy and tax legislation and interpretation; changes in
laws and regulations or in supervisory expectations or requirements, including capital,
interest rate and liquidity requirements and guidance, and the effect of such changes on
funding costs; changes to our credit ratings; operational and infrastructure risks;
reputational risks; the accuracy and completeness of information the Bank receives on
customers and counterparties; the timely development and introduction of new products
and services; our ability to execute our strategic plans, including the successful
completion of acquisitions and dispositions, including obtaining regulatory approvals;
critical accounting estimates and the effect of changes to accounting standards, rules
and interpretations on these estimates; global capital markets activity; the Bank's ability
to attract, develop and retain key executives; the evolution of various types of fraud or
other criminal behaviour to which the Bank is exposed; disruptions in or attacks
(including cyber-attacks) on the Bank's information technology, internet, network access,
or other voice or data communications systems or services; increased competition in the
geographic and in business areas in which we operate, including through internet and
mobile banking and non-traditional competitors; exposure related to significant litigation
and regulatory matters; the occurrence of natural and unnatural catastrophic events and
claims resulting from such events; and the Bank's anticipation of and success in
managing the risks implied by the foregoing. A substantial amount of the Bank's
business involves making loans or otherwise committing resources to specific
companies, industries or countries. Unforeseen events affecting such borrowers,
industries or countries could have a material adverse effect on the Bank's financial
results, businesses, financial condition or liquidity. These and other factors may cause
the Bank's actual performance to differ materially from that contemplated by forward-
looking statements. The Bank cautions that the preceding list is not exhaustive of all
possible risk factors and other factors could also adversely affect the Bank's results, for
more information, please see the "Risk Management" section of the Bank's 2018 Annual
Report, as may be updated by quarterly reports.
Material economic assumptions underlying the forward-looking statements contained in
this document are set out in the 2018 Annual Report under the headings "Outlook", as
updated by quarterly reports. The "Outlook" sections are based on the Bank's views and
the actual outcome is uncertain. Readers should consider the above-noted factors when
reviewing these sections. When relying on forward-looking statements to make
decisions with respect to the Bank and its securities, investors and others should
carefully consider the preceding factors, other uncertainties and potential events.
Any forward-looking statements contained in this document represent the views of
management only as of the date hereof and are presented for the purpose of assisting
the Bank's shareholders and analysts in understanding the Bank's financial position,
objectives and priorities, and anticipated financial performance as at and for the periods
ended on the dates presented, and may not be appropriate for other purposes. Except
as required by law, the Bank does not undertake to update any forward-looking
statements, whether written or oral, that may be made from time to time by or on its
behalf.
Additional information relating to the Bank, including the Bank's Annual Information
Form, can be located on the SEDAR website at www.sedar.com and on the EDGAR
section of the SEC's website at www.sec.gov.
Scotiabank®
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