2010 Risk & Outlook Update

Canadian Retail: Loans and Provisions (balances at Q1/10, $ billions) 126 Total = $170B -- 92% secured 23 12 9 Mortgages(1) % secured 100% Lines of Credit 70% Personal Loans 96% Credit Cards(2) 36% PCL Q1/10 Q4/09 Q1/10 Q4/09 Q1/10 Q4/09 Q1/10 Q4/09 $ millions 1 (4) (3) 26 36 60 65 51 60 % of avg. loans (bps) <1bp N/A 45 63 204 229 221 258 (1) Before securitizations of $17 billion & mortgages converted to MBS of $20 billion; 52% insured; LTV in mid-50s for uninsured portfolio (2) Includes $6 billion of Scotialine VISA (3) Recovery of provisions for mortgages reflects lower than expected write-offs Scotiabank International Retail: Loans and Provisions (balances at Q1/10, $ billions) 9.8 Total Portfolio = $21.5B 2.8 76% secured 0.8 Personal Loans (total = $6.7B) Credit Cards (total = $ 1.8B) Mortgages (total = $ 13.0B) 4.9 1.2 4.4 42 +0.4 1.5 6.2 - 0.1 2.4 3.3 1.2 2.8 0.5 0.7 C&CA (1) % of total 48% Mexico 24% Chile Peru 18% 10% PCL Q1/10 Q4/09 Q1/10 Q4/09 Q1/10 Q4/09 Q1/10 Q4/09 $ millions 35 31 48 38 22 14 25 38 % of avg. 140 121 403 306 205 136 426 657 loans (bps) (1) Caribbean and Central America Scotiabank 39 40

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