Investor Presentation Third Quarter, 2008
Scotiabank
Strong Asset Growth Driving Higher Revenues
Revenues (TEB)
($ millions)
1,686
1,588
1,543
1,050
992
972
288
317
353
283
279
283
Q3/07
Q2/08
Q3/08
Retail & Small Business
Commercial Banking/Other
Wealth Management
Q3/08 vs. Q3/07 revenues: up 9%
Retail & Small Business
+ mortgages +15% & ScotiaLine +12%
+ term deposits +13%, chequing & savings +12%
Commercial Banking
+ strong organic asset growth & fee income
+ positive impact of SDA
Wealth Management
+ Direct Investing +20%, with positive impact of
Trade Freedom
+ Mutual Funds +6%, despite market decline
Q3/08 vs. Q2/08 revenues: up 6%
+ volume growth & lower funding rates
+ broad based growth in other income: higher credit
fees, mutual fund, card & transaction revenues
Scotiabank
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Continued Strong Market Share Gains
Qtr/Qtr
Yr/Yr
Residential Mortgages
No change
+6 bps
*
Personal Term Deposits
+19 bps
+106 bps *
Total Personal Deposits
+4 bps
+68 bps *
Mutual Funds
+4 bps
+28 bps
*Acquisition of Dundee Bank contributed +15 bps to personal term deposits
and +22 bps to total personal deposits
Domestic market share figures as at June 2008
14View entire presentation