Q2 2003 Earnings Highlights
Scotiabank
$ millions
Change Q2/03 vs. Q1/03
SA
$
(69)
སྱེ」
%
(7)
Lower other income
Change Q2/03 vs. Q2/02
$
GA
%
(93)
(9)
38
Reported
Effect of sales of Argentine operations
& merchant acquirer business
(69)
(7)
Underlying
(55)
(5)
(21)
Deposit, payment & cards
14
(8)
Investment, brokerage & trust
(27)
(46)
Investment banking
20
43
(31)
(6)
Securities gains
(48)
Securitization revenue
Other
(9)
11
Expenses well controlled
Scotiabank
$ millions
Change Q2/03 vs. Q1/03
Change Q2/03 vs. Q2/02
બ
$
74
25
%
$
%
Reported
(76)
(5)
31
Settlement with Quilmes creditors
31
Effect of sales of Argentine
operations & merchant acquirer business
(40)
43
3
(67)
(5)
60
36
Stock & performance-based compensation
(35)
7
1
Base expenses
12
(32)
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