Well-Diversified and Profitable Business
Other Regions
Strong contribution from leading Caribbean & Central American franchise.
Reducing portfolio investments in Asia.
• Caribbean & Central America
。 Operations in 16 countries contributing - CAD $0.7B in earnings in 2018
o Well-established, diversified franchise that serves retail, commercial and corporate customers
○ Actively managing footprint to ensure scale in larger growth markets and reduce risk profile:
○
○
Announced acquisition in Dominican Republic in August 2018 which doubles customer base and creates 4th
largest bank
Announced sale of operations in 9 smaller countries in Caribbean in November 2018
○ Announced sale of pension and insurance operations in the Dominican Republic in December 2018
Announced sale of banking and insurance operations in El Salvador in February 2019
o Recognized by Global Finance Magazine as:
• Asia
"Best Bank Award 2017" in the Bahamas, Barbados, Costa Rica, Turks & Caicos and U.S. Virgin Islands;
"World's Best Consumer Digital Bank 2017" in 24 countries across Latin America and the Caribbean; and
"Best in Mobile Banking" in the Caribbean region
○ Thailand: 49% interest in Thanachart Bank (2007)
Announced non-binding MOU in February 2019 to merge with Thai Military Bank and materially sell down interest
CAD $3.0B carrying value as of October 31, 2018
CAD $590MM of net income for twelve months ended October 31, 2018
China: 19.9% interest in Bank of Xi'an (2009)
CAD $1.2B market value as of May 28, 2019
CAD $772MM carrying value as of October 31, 2018
CAD $456MM of net income for twelve months ended October 31, 2018
Scotiabank®
38View entire presentation