Canadian and International Banking Update
Scotiabank
Impact of Forex
Impact ($ millions)
Q1/09 vs.
Q4/08
Net Interest Income (TEB)
56
Other Income
26
Q1/09 vs.
Q1/08
146
64
Non-interest expenses
Net income
(15)
(67)
54
106
EPS (diluted)
5 cents
11 cents
Scotiabank
Average Rates
Q1/09
Q4/08
Q1/08
$US/$CAD
0.82
0.91
1.01
Mexican peso/$CAD
11.06
10.18
10.99
Peruvian new sol/$CAD
2.56
2.73
3.03
Chilean peso/$CAD
531.0
518.40 497.85
37
Revenues (TEB)
($ millions)
1.714
1,702
1,510
Canadian Banking
Strong Volume Growth
Q1/09 vs. Q4/08 revenues: down 1%
- 8 bps decrease in margin
+ record deposit growth, +$7.8B (6%), slowing
asset growth (1% ex. CI)
+ stable Wealth Mgmt. revenues: acquisitions offset
lower revenues relating to market conditions
Q1/09 vs. Q1/08 revenues: up 13%
Retail & Small Business
+ strong asset & deposit growth
+ widespread growth in fee-based income
Commercial Banking
+ strong deposit & asset growth
+ higher margin, benefitting from re-pricing of loans
Wealth Management
+ acquisitions: E*TRADE, stake in CI Financial
lower mutual fund & full-service brokerage
revenues given difficult market conditions
1,038
1,041
933
397
282
384
295
279
277
Q1/08
Q4/08
Q1/09
Retail & Small Business
■Commercial Banking
■Wealth Management
38View entire presentation