Scotiabank Investor Presentation Second Quarter, 2007
Scotiabank
887
Net Income*
($ millions)
1,012
Financial Performance
Overview
1,028
Q2/06
Q1/07
Q2/07
Q2/07 vs. Q2/06 net income up 16%
■ Total revenues up 13%
☐
Expenses up 10%
Strong organic growth and positive impact of
acquisitions
■ Reversal of general allowance ($25 million)
Q2/07 vs. Q1/07 net income up 2%
▪ Lower provisions, reversal of general
allowance and higher interest recoveries
Largely offset by shorter quarter and lower
securities gains
* available to common shareholders
9
Scotiabank
Continued strong asset growth
average balances, $ billions
404
392
343
93:
78=
40
39
36
86
69
99
104
87
Year-over-year growth
Total Assets: +18%
■ Residential mortgages: +19%
O Personal loans: +10%
■ Business & government: +30%
"
positive impact of acquisitions and
organic growth
Securities: +19%
73
77
78
Q2/06
Q1/07
Q2/07
Residential mortgages
Personal Loans
Business & Government (includes acceptances)
Securities
Other
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