Q3/09 Financial Performance Overview
Scotiabank
International Banking
Stable Underlying Revenues
Revenues (TEB)
($ millions)
1,308
1,275
1,236
295
292
382
503
395
440
588
510
414
Q3/08
Mexico
Q2/09
Q3/09
■Caribbean & Central America
Latin America & Asia
Q3/09 vs. Q2/09 revenues: down 3%
■up 3% excluding forex
■ Mexico
+ Q2 loss on sale of portion of credit card portfolio
- lower margin
■ Caribbean & Central America
- $79MM write-down of an equity investment
■ Latin America & Asia
+ FV changes in certain financial instruments
Q3/09 vs. Q3/08 revenues: up 3%
■ Mexico
negative forex impact
- Q2/08 gain on Mexico Stock Exchange IPO
higher funding costs and negative Fl impact
+ higher loan volumes & spreads, and FX revenues
■ Caribbean & Central America
$79MM write-down of an equity investment
- spread compression with lower interest rates
+ solid retail loan growth
+ positive impact of forex
Latin America & Asia
+ positive impact of forex
+ acquisition in Peru & investment in Thailand
+ FV changes in certain financial instruments
35
Scotiabank
International
Increased Diversification
Q3/07 Revenue: $953MM
Q3/09 Revenue: $1,275MM
Other
LA &
Asia
6%
Mexico
34%
C&CA
43%
Peru
13%
Chile
4%
+34%
Other LA
& Asia
17%
36
Mexico
23%
Peru
18%
C&CA
31%
Chile
11%View entire presentation