Scotiabank Financial Performance Review
Scotiabank
average assets, $ billions
Strong asset growth
15%
403
409
409
Residential
351
mortgages
95
96-
101:
82
Personal loans
40
40
41
& credit cards
37
88
90
88
Business &
72
government
(includes BA's)
198
97
Securities
88
72
82
Other
2006
Yr/Yr
2007
Residential mortgages: +16%
Personal loans +9%
Business & government: +23%
Scotiabank
%
1.89
11
86
87
Q3/07
Qtr/Qtr
Q4/07
+ residential mortgages +4%
trading securities (10)%
All-bank net interest margin
flat quarter-over-quarter
All Bank
1.93
1.91
1.86
1.87
All-Bank margin: +1 bps qtr/qtr
+higher TEB interest income
-
negative impact of financial instruments
Domestic
2.62
2.58
2.58
2.56
International
2.33
4.27
4.32
4.20
4.09
4.03
Scotia Capital
0.79
0.71
0.71
0.59
0.96
Domestic margin: (23) bps qtr/qtr
- higher wholesale funding costs
- shift in asset mix
International margin: +5 bps qtr/qtr
+ broad based retail asset growth
+ growth in commercial assets in Asia
Scotia Capital margin: +37 bps qtr/qtr
+ increase in tax exempt dividend income
-
reduction in low spread trading assets
Q4/06
Q1/07
Q2/07
Q3/07
Q4/07
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