Scotiabank Financial Analysis Q2/17
Canadian Banking
Net Income ($MM)
977
930
954
981
971
877
Q2/16
Q3/16
Q4/16
Q1/17
•
Q2/17
•
Gain on sale of a non-core lease financing business
Year-over-Year Highlights
Net income down 1% or up 11%,
adjusting for the gain on disposition of
a non-core lease finance business in
Q2/16
Net income up 5% when adjusting for
real estate gains as well
Loan growth of 4%
Adjusting for Tangerine run-off portfolio,
mortgages up 5%
Business loans up 9%
Deposits up 4%
Retail savings deposits grew 11% and
chequing accounts were up 10%
PCL ratio up 3 bps
Expenses up 3%
Higher spending on digital and
technology to support business growth,
partially offset by benefits realized from
cost reduction initiatives
Positive operating leverage YTD
Solid growth in assets and
deposits
Scotiabank®
Average Assets ($B)
307 310 313 316 318
Net Interest Margin (%)
•
NIM stable
2.38 2.38 2.39 2.39 2.38
•
5
299 303 307 311 313
Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17
Tangerine run-off mortgage portfolio
(1)
Attributable to equity holders of the Bank
8
.
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