Investor Presentation - First Quarter 2010
Strong Capital Ratios
11.2
TCE (%)
10.4
10.7
Tier 1 (%)
9.5
9.6
8.8
8.2
7.9
7.2
7.2
Q1/09 Q2/09 Q3/09
Q4/09
Q1/10
Capital
•
Continue to grow capital ratios
Strong internal capital generation
•
Strong DRIP participation
•
Scotiabank
Decrease in RWA
Actively participating in discussions on proposed capital rules
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Canadian Banking: Another Record Quarter
438
Net Income
($ millions)
503
560
Q1/09
Q4/09
Q1/10
Q1/10 vs. Q4/09
+ Revenues up 2%
+ Volume growth, stable margin
+ Stronger commercial banking revenues
+ PCLs down $10MM
+ Expenses down 3%
+ $23MM relating to VISA rewards points in Q4/09|
+ Lower discretionary costs
Q1/10 vs. Q1/09
+ Revenues up 13%
+ 17bps increase in margin, retail volume growth
+ Stronger wealth management revenues
PCLs up $25MM
Expenses up 3%
-
Higher wealth management commissions
& stock-based compensation
Growth initiative spending
Scotiabank
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