Canadian and International Banking Performance
Scotia Capital: Normalized Market Conditions
Revenues (TEB)
($ millions)
858
804
795
500
446
438
Scotiabank
•
Year-over-Year
Global Capital Markets
+ Increased asset levels reflecting growth in
fixed income and precious metals
- Lower results in institutional equities
Global Corp. and Investment Banking
+ Higher investment banking revenues
- Lower lending volumes
358
358
357
Q2/10
•
•
Q1/11
Q2/11
Global Capital Markets
Global Corporate & Investment Banking
Quarter-over-Quarter
Global Capital Markets
+ Increase in fixed income revenues
- lower performance in institutional equity and
ScotiaMocatta
Global Corp. and Investment Banking
+ Higher investment banking revenues
- Lower corporate lending revenues due to
declining spreads in the U.S. and Canada
Economic Outlook in Key Markets
Real GDP (Annual % Change)
2000-09
Country
2010e
2011F
2012F
Avg.
Mexico
1.9
5.5
4.3
3.8
Peru
5.1
8.8
7.0
7.2
Chile
3.6
5.2
6.0
5.5
Jamaica
0.9
(1.1)
1.5
2.0
Trinidad & Tobago
6.4
0.04
2.2
3.0
Costa Rica
4.0
3.5
3.0
3.3
Dominican Republic
5.1
7.8
5.8
5.5
Thailand
4.0
7.0
4.8
4.5
2000-09
2010
2011F
2012F
Avg.
Canada
U.S.
2.1
3.1
2.9
2.6
1.8
2.9
2.6
2.8
38
Source: Scotia Economics, as of May 3, 2011
Scotiabank
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