Scotiabank Financial Analysis Q2/17
International Banking
1
Net Income ($MM)
595
576
547
527
500
•
.
Q2/16 Q3/16 Q4/16 Q1/17 Q2/17
•
Average Assets ($B)
145 140 142 143 149
Net Interest Margin (%)
5.00
4.79 4.77 4.73
4.69
Q2/16 Q3/16 Q4/16 Q1/17 Q2/17
Q2/16 Q3/16 Q4/16 Q1/17 Q2/17
(1)
Attributable to equity holders of the Bank
(2)
Adjusting for foreign currency translation - see page 5 of MD&A for additional details
9
•
Year-over-Year Highlights
Net Income up 19% or 23%2
Higher net interest margin and lower
provision for credit losses
Loans up 3% and deposits up 10%
Adjusting for the impact of foreign
•
currency translation, commercial loan
volumes were up 4% Q/Q
• NIM up 31 bps
•
Driven by changes in Central Bank rates
and business mix
PCL ratio improved by 17 bps
Expenses up 3% or 2%²
•
Increased business volumes, inflation
and negative impact of foreign
currency translation
Partly offset by benefits realized from
cost reduction initiatives
Positive operating leverage YTD
Margin expansion and positive
operating leverage
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