Scotiabank Strategy & Financial Objectives
Our Businesses - Canadian Banking
Personal & Commercial Banking, Wealth and Insurance
Business Overview
•
Full suite of financial advice and banking solutions to retail, small
business and commercial customers
•
•
Investment, pension and insurance advice and solutions
.
Business Performance
Q3/16 Highlights
50% of consolidated net income
Net income up 8% Y/Y
•
.
Higher NIMs (+13 bps Y/Y)
Double digit growth in credit cards and
auto lending
Retail chequing was up 9% and savings
deposits were up 14%
Positive operating leverage
• Revenue mix: retail (57%), wealth (26%), commercial (17%)
•
•
Average loan mix: residential mortgage (61%), personal & credit card
loans (25%), business and government loans & acceptances (14%)
2016 Priorities
Improve customer service by transforming the distribution network,
streamlining customer journeys, and offering customized advice &
solutions
Enhance business mix by driving continued growth in Commercial
Banking, credit cards and core deposits
• Expand Tangerine and position to become leading everyday bank in
Canada
.
• Grow & diversify Wealth Management
• Reduce structural costs to deliver sustained cost savings and invest in
our business and technology, drive customer experience excellence
and drive greater efficiency
(1) Including the gain on sale of a non-core lease financing business for $100 million after-tax
($116 million pre-tax)
12
Key Data
In C$
Total Loans (avg.)
$303B
Total Deposits (avg.)
Net Income
Productivity Ratio
Branches
$224B
$930MM
51.5%
997
# of Employees
25,436
Net Income ($m)
1,000
977(1)
930
900
863
875
837
800
700
Q3/15 Q4/15 Q1/16 Q2/16 Q3/16
Scotiabank®View entire presentation