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Investor Presentaiton

Scotiabank Stable credit quality $ millions Q4/06 Q3/06 2006 2005 32 74 Provision for Credit 216 230 Losses (PCL) 92 74 Specific Provisions 276 275 570 479 Net Impaired Loans* 570 681 ■ General Allowance: $1,307 mm · - - reduction of $60 mm in Q4/06 offset by $37 mm increase from Peru acquisitions $1.4 billion in credit protection outstanding * after specific allowance for credit losses 15 Scotiabank Credit losses remain low $ millions 18 24 Q4/06 Q3/06 Domestic: 55 538 36 32 268 59 - Retail Banking 10 - Commercial 69 2006 2005 N 229 225 50 49 279 274 International: - Mexico 27 34 - Caribbean & Central America 15 23 - Latin America & Asia 18 13 60 70 Scotia Capital: (60) 8@8' 8༞ཚ (16) - U.S. (41) (93) (3) - Canada & Other (22) 22 (19) (63) (71) Other 2 74 Total Specific Provisions 276 275 - Reduction of General Allowance (60) (45) 74 Total 216 230 16
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