Q3/11 Financial Performance and Outlook
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International Banking: 2011 Outlook
Scotiabank
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Good asset growth trend continues
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Good balance between commercial & retail loan growth
Latin America and Asia remain key growth drivers
Focus remains on key organic growth initiatives
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Emphasis on commercial banking, particularly in key markets
Continued investments to increase retail sales productivity and expand
retail sales capacity - including non-branch channels
End-to-end process improvements in both commercial & retail
Loan loss improvements are levelling off
Meaningful investments in growth initiatives will continue
Closed acquisition of Nuevo Banco Comercial in Uruguay this quarter;
Puerto Rico and Thailand integrations progressing as planned
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Well-positioned for selective, meaningful acquisitions
Global Wealth Management
2011 Outlook
Scotiabank
Chris Hodgson
Group Head, Global Wealth Management
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