Financial Overview and 2012 Outlook
18
Q4 2011 Risk Overview
•
•
Risk in credit portfolios continues to be well-managed
Overall credit quality of loan portfolios continues to improve
Specific provisions have stabilized
Reduced general allowance by $30 million
Continued reduction in net impaired loan formations
Exposures to certain European countries not material
•
Market risk remained low and well controlled
Average 1-day VaR: $9.5MM vs. $11.8MM in Q3/11
Stable Specific Provisions
Scotiabank
Scotiabank
($ millions)
Q4/10
Q1/11
Q2/11
Q3/11
Q4/11
Canadian Retail
138
134
123
103
106
Canadian Commercial
34
31
22
42
172
165
145
145
International Retail
129
110
116
116
International Commercial
(1)
(3)
(10)
4
༄& 8°
29
135
129
23
128
107
106
120
152
Global Wealth
2
1
Management
Scotia Capital
Total
PCL ratio (bps)
294
༅།$ *
(8)
(3)
269
262
38
༄། 8
10
8
273
༄སྟྲ
14
302
38
38
40
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