Q2 2014 Financial Review
Global Wealth & Insurance
1
Net Income ($MM)
345
327
310
310
302
Q2/13 Q3/13 Q4/13 Q1/14 Q2/14
AUM ($B)
AUA ($B)
362
159
153
145
135 135
313 311
326 338
Highlights
Strong quarter, net income up 11%
Y/Y
Wealth Management revenue grew by
14% Y/Y
Insurance revenue up 4% Y/Y
■ 18% AUM & 16% AUA growth Y/Y
Higher net sales
Improved financial markets
Acquisition of AFP Horizonte in Peru
Increasing ROE
■ Positive operating leverage of 0.8%
YTD
Q2/13 Q3/13 Q4/13 Q1/14 Q2/14
Q2/13 Q3/13 Q4/13 Q1/14 Q2/14
(1) Attributable to equity holders of the Bank
11
Strong performance in asset
management businesses
Scotiabank
Global Banking & Markets
1
Net Income ($MM)
378
385
352
337
339
Q2/13 Q3/13 Q4/13 Q1/14 Q2/14
Average Loans² ($B) Net Interest Margin³ (%)
Highlights
■ Net income up 9% Y/Y
Stronger investment banking and fixed
income results
Securities gain in U.S. lending
Partially offset by higher tax rate
■ Loan growth of 8% Y/Y
■ NIM down 3 bps Q/Q, 25 bps Y/Y
■ Credit performance remains strong
40 39
38
40
43
2.36 2.39
2.10 2.14 2.11
-
■ Focus on managing expenses
Expenses down 1% Y/Y after adjusting
for FX translation
Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14
(1)
Attributable to equity holders of the Bank
(2) Average Business & Government Loans & Acceptances
(3)
Global Corporate & Investment Banking only
12
Good growth in fixed income
and investment banking
Scotiabank
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