2016 Year-End Financial Results
Risk Review
• Overall credit fundamentals remain within expectations
•
•
(1)
Energy related PCLs have continued to decline Q/Q and are flat
compared to the same quarter last year
PCL ratio - Improved to 45 basis points, down from 47 basis
points last quarter and prior year
Gross impaired loans of $5.4 billion were up 1% Q/Q¹
●
•
Net impaired loan ratio improved 2 bps Q/Q
Net formations of $645 million was down from $788 million in
Q3/16, driven by improvement in Global Banking and Markets
Market risk remains well-controlled
Average 1-day all-bank VaR of $10.4 million, down from $11.0
million in Q3/16
Excludes loans acquired under the Federal Deposit Insurance Corporation (FDIC) guarantee related to the acquisition of R-G
Premier Bank of Puerto Rico.
13
Scotiabank®View entire presentation