Canadian and International Banking Update

Scotiabank . All-Bank Retail Lending - Overview Diversified Product Mix Higher level of secured loans compared to 1990: - 90% secured, up from 83% - Mortgages now 73% of portfolio, up from 54% 53% of credit lines and cards secured Canadian mortgages: 41% insured, uninsured LTV % in mid-50s 118 • Actively Managing Portfolios Monitoring unsecured and auto lending • Centralized credit exceptions • Increased collection efforts Proactive support for customers with good credit history Q1/09 $180 Billion Canadian International 29 13 2 11 7 Mortgages* Credit Lines & Cards Personal Loans before securitizations 23 Scotiabank Canadian Retail Lending (Outstandings at Q1/09, $ billions) 118* 20 Total = $158B -- 92% secured 11 9 % of total Mortgages 75% Lines of Credit Personal Loans Credit Cards** 12% 7% 6% PCL Q1/08 Q1/09 Q1/08 Q1/09 Q1/08 Q1/09 Q1/08 $mm 2 2 17 24 27 59 33 Q1/09 37 % of avg. 1 1 43 49 129 210 151 161 loans (bps) * before securitizations 24 ** includes Scotialine VISA

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