Q3 2014 Financial Performance
Economic Outlook in Key Markets
Real GDP (Annual % Change)
2000-12
Country
2013
2014F
2015F
Avg.
Mexico
2.4
1.1
2.7
3.7
Peru
5.5
5.6
4.5
5.8
Chile
4.5
4.1
2.8
3.8
Colombia
4.2
4.7
5.0
5.0
Costa Rica
4.3
3.6
2.8
3.5
Dominican Republic
5.2
4.1
4.5
5.0
Thailand
4.2
2.9
2.0
4.0
2000-12
2013
2014F
2015F
Avg.
Canada
U.S.
2.2
2.0
2.2
2.5
1.9
2.2
2.0
3.2
Source: Scotia Economics, as of July 31, 2014
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Provisions for Credit Losses
Scotiabank
($ millions)
Q3/13
Q4/13
Q1/14 Q2/14 Q3/14
Canadian Retail
103
106
118
127
137
Canadian Commercial
5
10
16
13
14
108
116
134
140
151
International Retail
177
170
187
196
206
International Commercial
17
37
32
34
38
194
207
219
230
244
Global Wealth & Insurance
1
2
Global Banking & Markets
11
(2) 3
5
1
Total
314
321
356
375
398
PCL ratio (bps) - Total PCL as % of
31
31
34
36
37
average loans and BAS
Note: International Banking's total includes the impact of Colombian purchased portfolio. The Bank expects the PCL ratio to rise with the
maturity of the acquired portfolio. See page 28 of the 2013 Annual Report.
26
Scotiabank
13View entire presentation