International Banking and Risk Review
Scotiabank
Revenues (TEB)
($ millions)
704
847
Scotia Capital
Record Revenues
400
538
308
307
447
396
231
Q2/08
Q1/09
Q2/09
Global Capital Markets (GCM)
Global Corporate & Investment
Banking (GC & IB)
Q2/09 vs. Q1/09 revenues: up 20%
+ broad based trading strength; higher derivatives
revenues
+ higher spreads & credit related fees, partly offset
by decrease in average volumes
+ CDO write-downs in Q1/09
- lower investment banking revenues vs. record Q1
Q2/09 vs. Q2/08 revenues: up 57%
Global Corporate & Investment Banking
+ highest revenues since Q4/02
+ significantly higher loan volumes, wider spreads &
higher loan origination fees
+ strong increase in credit fees
+ loss on non-trading securities in Q2/08
Global Capital Markets
+ near record quarter from fixed income & record
quarter for precious metals
+ very strong institutional equity & forex revenues
+ higher underlying derivatives revenues
43
Scotiabank
Impact of Forex
Impact ($ millions)
Q2/09 vs.
Q2/08
Q2/09 vs.
Q1/09
Net Interest Income (TEB)
120
(1)
Other Income
43
6
Non-interest expenses
(44)
1
Net income
73
4
EPS (diluted)
7 cents
Average Rates
Q2/09
Q1/09
Q2/08
$US/$CAD
0.80
0.82
0.99
Mexican peso/$CAD
11.51
11.06
10.62
Peruvian new sol/$CAD
2.54
2.56
2.84
Chilean peso/$CAD
482.1
531.0
454.8
44View entire presentation