2010 Outlook
Canadian Banking:
Higher Margin, Wealth Management Revenues
Revenues (TEB)
($ millions)
1,886
1,805
1,714
1,038
1,125
1,199
397
388
365
279
292
322
Q4/08
Q3/09
Q4/09
Retail & Small Business
â– Commercial Banking
Wealth Management
Q4/09 vs. Q4/08 Revenues
Retail & Small Business
+ Increased assets & deposits
+ Higher margin
Commercial Banking
+ Asset re-pricing
-
Lower asset levels
Wealth Management
+ Increased contributions from CI & Dundee Wealth
+ Higher revenues from iTRADE
Q4/09 vs. Q3/09 Revenues
+ Higher margin, benefiting from asset re-pricing
+ Increased wealth management revenues due to
stronger market conditions:
+ Higher full service brokerage revenues
+ Strong mutual fund sales
Scotiabank
Canadian Banking: Volume Growth
39
Average Balances
($ billions)
Q4/09
Q3/09 Q4/08
Y/Y
Q/Q
Residential Mortgages (1)
122.9
119.9
115.3
6.6%
2.5%
Personal Loans
36.9
35.8
32.3
14.1%
3.1%
Credit Cards (2)
9.3
9.2
9.0
3.4%
0.6%
Non-Personal Loans &
23.6
25.0
27.7
(14.7)%
(5.4)%
Acceptances
Personal Deposits
93.5
93.8
87.2
7.2%
(0.3%)
Non-Personal Deposits
54.1
52.5
45.3
19.5%
3.0%
Wealth Management AUA
136.8
126.8
127.5
7.3%
7.9%
(1) Before securitization
(2) Includes ScotiaLine VISA
Scotiabank
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