Scotiabank Financial Performance Review

Scotiabank Risk Overview ■ Stable credit quality . credit losses flat quarter-over-quarter • net impaired loans stable ■ Market risk well-controlled ■ Asset classes of current focus . exposures not significant 31 Scotiabank Credit losses flat quarter-over-quarter Specific Provision for Credit Losses ($ millions) 95 92 45 63 92 8 25 27 25 19 30 58 26 Q4/06 74 0 66 99 (30) 30 (51) Q1/07 Scotia Capital 77 78 (10) (10) Q2/07 Q3/07 Q4/07 Domestic International 32

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