Scotiabank Financial Performance Review
Scotiabank
656
Scotia Capital
Improving Revenue Across Several Businesses
Revenues (TEB)
($ millions)
538
322
405
307
151
334
254
231
Q2/07
Q1/08
Q2/08
Q2/08 vs. Q2/07 revenues: down 18%
Down from Q2/07 peak:
lower derivatives & fixed income trading
high level of interest recoveries in Q2/07
loss on non-trading securities
+ partly offset by record precious metals trading &
very strong foreign exchange trading
+ higher corporate loan volumes & wider spreads
Q2/08 vs. Q1/08 revenues: up 33%
Well diversified growth:
+ record quarter for precious metals trading
+ higher loan volumes & spreads
+ higher investment banking revenues
loss on non-trading securities
Global Capital Markets (GCM)
Global Corporate & Investment Banking
(GC&IB)
Scotiabank
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Scotia Capital
Update on 2008 Priorities
Drive sustainable revenue growth
Leverage NAFTA capabilities
Increasing contribution from Scotia Capital Mexico
Cross-border transactions involving US, Mexico and other
geographies (e.g.: Dominican Republic)
Expand client coverage globally in energy & mining and other
industries where we have an advantage
•
Majority of Scotia Waterous business is now outside of Canada
ScotiaMocatta: global leader in precious metals trading
Adding new buy side clients
Added 50 new corporate lending clients so far in 2008
Capitalize on market opportunities & conditions
Maintain prudent risk management
24View entire presentation