Q3/09 Financial Performance Overview
Scotiabank
$ millions
Gross Impaired Loans
Q3/08
Q4/08
Q1/09
Q2/09
Q3/09
Canadian P&C
Retail
472
523
621
747
796
Commercial
228
238
262
307
330
700
761
883
1,054
1,126
International P&C
Retail
688
833
997
1,110
1,177
Commercial
674
776
919
994
1,143
1,362
1,609
1,916
2,104
2,320
Scotia Capital
101
124
186
439
547
Total
2,163
2,494
2,985
3,597
3,993
% loans & acceptances
0.76
0.82
0.97
1.20
1.47
Scotiabank
43
Canadian and International
Retail Portfolios
•
Portfolios performing as expected
•
•
-
- Highly secured and well diversified
- Modest increase in gross impaired loans due to:
-
Canada slight increase in revolving credit delinquency; minor decline
in mortgages
International softness in some markets due to economic cycle
Coverage ratios to continue at appropriate levels
Actively managing risks
- Canada: indirect auto and unsecured revolving credit
- International: Chile and Peru acquisitions, Mexico retail
Continue to mitigate risks
- Selective policy changes and risk-based pricing
- Targeted payment relief for certain customers
- Investing in collections staff and technology
44View entire presentation