Automotive Finance and ESG Strategies
Increasing Scale, Improving Focus, Lowering Risk¹
Gaining scale in key markets to drive earnings growth, improve earnings quality and reduce risk
Reducing Risk Profile
Gaining Market Share (Total Loans)
54
countries
33
countries
0 2
4 6 8 10 12
14 16 18 20%
Canada
Mexico
Chile
2013
2019
Exited 21 countries since 2013 with either small scale, higher
operational risk, or low returns, including:
.
•
.
Middle East: Turkey, Egypt, UAE
Asia: Thailand, Vietnam, Taiwan
Central America: Guatemala, El Salvador
Caribbean: Haiti, Puerto Rico, USVI, and 9 of the Leeward
Islands
Europe: Russia, France
Capital has been mainly redeployed into Canada and the Pacific
Alliance countries and through share buyback program
Exited 11 non-core businesses including:
Pension benefits and administration businesses (Dominican
Republic, Colombia) and lease finance (Canada)
Reduced wholesale funding (% of assets) from >29% in 2014 to
23% today
Peru
Colombia
Improving Earnings Quality
$
Increased Wealth Management assets under management
by 44% to $297B
Targeting Wealth Management earnings contribution to All-
Bank earnings of 15% over the medium-term
Establishing Global Wealth Management as a standalone
reporting division in Q1/20
15-year period 2014-2019; 2 Q4 2017 to Q3 2019
Q3/14
Q3/19
Scotiabank.
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