Scotiabank ESG and Financial Performance Update
Scotiabank in Colombia¹
BUSINESS OVERVIEW 2
Operating since 2011 offering Retail, Small Business,
Commercial, GBM, Wealth and Treasury solutions
PERFORMANCE EVOLUTION ($MM) 2
354
328
PTPP 4,5
NIAEH
299
Q2/23
95
57
68
39
18
Customers³
~2.8MM
-39
-6
Employees³
~5,400
2020
2021
2022
Q2/22
Q2/23
Branches³
112
WY/WY
Y/Y
Loans
PTPP Growth 4,5
$12Bn
(25%)
(7%)
(9%)
1%
(28%)
NIAEH Growth4
(147%)
(244%) (30%)
7%
(132%)
Deposits
ROE4
$10Bn
Loan Growth
10%
1%
13%
15%
9%
(2.0%)
NIM4,6
6.32%
5.62%
4.87%
5.34%
4.16%
Digital Adoption (%)
71%
Productivity Ratio
64.0%
62.9%
66.8%
60.5%
70.0%
Digital Sales (%)
59%
Operating Leverage
(13.5%)
1.4%
(5.8%)
(4.0%)
(13.1%)
ECONOMIC OUTLOOK 7
LOAN PORTFOLIO 8
MARKET SHARE AND POSITIONS 9, 10
Residential
2023E
2024E
GDP Growth (%)
1.5%
2.5%
Population Growth (%)
1.06%
1.03%
CPI (y/y % eop)
8.8%
4.4%
Mortgages
Total Loans
6th
5%
16%
Mortgage 5th
7%
$11.9Bn
Non-mortgage 5th
6%
Unsecured
30%
Commercial 6th
4%
Corporate/
Commercial
53%
Total Deposits
6th
5%
1 All figures excluding Wealth Management; 2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis (with WYs at YTD23 FX rates and Q2/22 and Q2/23 at Q223 FX rates),
while metrics are on a reported basis; 3 Including subsidiaries; 4 See non-GAAP reconciliations beginning on slide 83; 5 Pre-Tax, Pre-Provision Profit defined as revenues less expenses; 6 Net Interest Margin
calculated as Core Net Interest Income / Average Core Earning Assets; 7 Source: Scotiabank Economics. GDP and CPI as at May 18, 2023 forecast; Population Growth: World Economic Outlook Database, April
2023; 8 May not add due to rounding; 9 Key Competitors: Banco de Bogota, Bancolombia, Davivienda, BBVA, Occidente, Banco Corpbanca; Source: Superfinanciera/Asobancaria; 10 As of February 2023
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