Q3/09 Financial Performance Overview

International Commercial Portfolio Scotiabank loans & acceptances Mexico 11% ■ Scotiabank Q3/09 = $34 billion Peru 10% Other Asia/Pacific (10 countries) 27% 7% Chile 18% Financial Services Holding Companies Hotels & Gaming 9% 2% 7% Communications & Media 5% Automotive 3% Agrifoods and Consumer 17% Caribbean Central America 27% Industrial Products 5% Infrastructure, Privatization & Power 14% Other 17% Transportation 9% Real Estate 12% Well secured Portfolios in Asia/Pacific and Peru are performing well Closely monitoring portfolios in Mexico and Caribbean & Central America Hotel exposures Impact of U.S. slowdown in Mexico 47 Quarterly Decline in Wholesale Auto Portfolio $ billions Canada Total Total U.S. Other Q3/09 Q2/09 Wholesale(1) OEM(2) 0.1 0.1 Finance & Leasing 0.7 ཅ8 0.2 0.2 0.2 0.1 1.0 1.1 Parts Manufacturers 0.2 0.3 0.1 0.6 0.8 Dealers/Floorplan 2.5 2.5 2.9 3.5 0.6 0.2 4.3 5.0 ■ GM & Chrysler only 8% of dealer exposure " Portfolio regularly stress tested ◉ ■ C$12 million utilized in Q3/09 out of C$60 million sectoral provision established in Q2/09 Year-to-date loss ratio: 47 bps (1) loans and acceptances (2) Original Equipment Manufacturers 48

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