Scotiabank Risk Review

Scotiabank Ongoing growth from Caribbean Net income, $ millions 250 CAGR = 20% 200 150 100 50 " $252 0 92 93 94 95 96 97 98 99* 00 01 Business growth A growing share with existing 2 million customers acquired Citibank's VISA portfolio (Bahamas) Continued delivery channel expansion A new branches in Dominican Republic & Puerto Rico ATMS: +6% qtr/qtr Strong emphasis on technology sales delivery platform ➤ credit behaviour scoring excludes real estate gains in 1999 net income Scotiabank 25 Mexico - growing the franchise Scotiabank Inverlat GRUPO FINANCIERO ■ 1 million retail/commercial customers Strong lending and deposit growth retail lending +24% A commercial/corporate loans +34% deposits +42% Excellent growth in internet channel internet transactions +300% yr/yr Scotia Fondos VOLKSWAGEN Scotia enLinea Empresari@l 26

View entire presentation