Q1/06 Business Line Results and Risk Review

Scotiabank Stable credit quality ■ Stable specific provisions: $75 mm - down $6 mm vs. Q4/05 - up $1 mm vs. Q1/05 ■ Positive trend in net impaired loans: $659 mm - down $22 mm vs. Q4/05 - down $103 mm vs. Q1/05 21 Stable level of specific provisioning - Scotia Capital benefiting from net recoveries Scotiabank $ millions Q1/06 Q4/05 Q1/05 Domestic: 64 69 76 International: 27 16 7 Scotia Capital: - U.S. (12) (20) (19) - Other (4) 13 10 (16) (7) (9) Other Total 3 75 81 74 22

View entire presentation