Supplementary Financial Information (SFI)
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Business Segment Performance: International Banking (Constant Dollar) (1)
2023
2022
2021
Full Year
Q1
Q4
Q3
Q2
11]
Q1
69
Q4
Q3
Q2
22
Q1
2022
2021
Income Statement-Taxable Equivalent Basis (TEB)-($ millions)
Net interest income (TEB)
Non-interest income (TEB)
Net fee and commission revenues
Net income (loss) from investments in associated corporations
Other operating income (TEB)
Total revenue (TEB)
Provision for credit losses
Non-interest expenses
Income before taxes
Income tax expense (TEB)
Reported net income
Adjusting items (after tax) (2)
Adjusted net income (2)
Reported net income attributable to non-controlling interests (NCI)
1,899
1,866
1,849
1,752
1,756
1,677
1,665
1,685
1,770
7,223
6,797
802
696
634
699
735
696
744
669
705
2,898
2,949
634
570
559
562
577
538
513
526
508
2,269
2,085
63
53
105
333
56
79
69
55
56
55
49
257
215
73
19
58
89
103
175
88
148
372
649
2,701
2,562
2,483
2,451
2,491
2,373
2,409
2,354
2,475
10,121
9,746
404
366
336
282
291
335
360
398.
513
1,275
1,607
1,436
1,398
1,345
1,305
1,350
1,309
1,350
1,306
1,381
5,399
5,346
861
798
802
864
850
729
699
650
581
3,447
2,793
169
106
104
181
208
129
148
170
144
633
626
692
692
698
683
642
600
551
480
437
2,814
2,167
7
7
7
8
8
7
8
7
9
29
699
699
705
691
650
607
559
487
446
2,843
31
2,198
38
37
54
75
87
79
76
81
79
254
316
Reported net income attributable to equity holders of the Bank (NIAEH)
Adjusted net income attributable to non-controlling interests (NCI)<²)
Adjusted net income attributable to equity holders of the Bank (NIAEH)(²)
Profitability Measurements (3)
654
655
644
608
555
521
475
399
358
2,560
1,851
38
37
54
76
88.
79
77
80
80
253
316
661
662
651
615
562
528
482
407
366
2,590
1,882
Net interest margin (2)
4.00
4.08
3.95
3.96
3.87
3.78
3.81
4.05
4.14
3.96
3.95
Net write-offs as a % of average net loans and acceptances(4)
0.88
0.76
0.74
0.76
0.88
1.25
2.37
2.72
1.27
0.79
1.89
Reported
Return on equity (%) (2)
13.4
13.1
13.0
13.2
12.2
12.0
11.1
9.9
8.5
12.9
10.4
Provision for credit losses (PCL) as % of average net loans and acceptances (4)(5)
PCL on impaired loans as % of average net loans and acceptances(4)(5)
Productivity ratio (%) (4)
0.96
0.89
0.84
0.77
0.77
0.91
1.00
1.18
1.49
0.82
1.15
0.89
0.81
0.68
0.77
0.81
1.18
2.08
2.81
1.50
0.77
1.88
53.2
54.5
53.5
52.7
53.6
54.3
55.0
54.4
54.7
53.6
54.6
Adjusted (²)
Return on equity (%)
13.6
13.2
13.1
13.3
12.4
12.2
11.3
10.1
8.7
13.0
10.6
Productivity ratio (%)
52.8
54.11
53.2
52.2
53.2
53.9
54.6
53.9
54.2
53.2
54.2
Average Balance Sheet ($ billions)
Residential mortgages
47.8
46.5
44.9
43.4
41.8
40.0
38.8
38.1
37.6
44.1
38.6
Personal loans
19.5
19.4
19.1
18.6
18.6
18.6
18.6
18.7
18.8
19.0
18.6
Credit cards
8.2
7.8
7.6
7.2
6.8
6.4
6.4
7.3
8.0
7.3
7.0
Business and government loans & acceptances
95.1
92.4
90.9
87.0
84.2
82.7
79.6
79.0
78.0
88.8
79.9
Total loans & acceptances
170.6
166.1
162.5
156.2
151.4
147.7
143.4
143.1
142.4
159.2
144.1
Investment securities
18.2
18.0
17.5
16.7
16.5
16.6
17.2
17.4
16.5
17.2
16.9
Deposits with banks
15.8
15.3
16.2
17.0
17.9
15.8
17.1
16.4
17.9
16.6
16.8
Other assets
Total assets
Personal deposits
Non-personal deposits
Total deposits
23.8
25.7
24.5
22.4
22.1
21.9
21.7
20.1
21.1
23.5
21.3
228.4
225.1
220.7
212.3
207.9
202.0
199.4
197.0
197.9
216.5
199.1
39.5
38.9
38.6
38.2
37.9
38.4
37.9
37.4
37.0
38.4
37.7
79.5
77.1
75.4
72.6
69.4
69.1
70.4
67.6
68.3
73.6
68.9
119.0
116.0
114.0
110.8
107.3
107.5
108.3
105.0
105.3
112.0
106.6
Other liabilities
49.7
50.3
49.5
43.2
44.8
44.7
43.3
44.4
45.1
47.0
44.3
Total liabilities
Other Information
168.7
166.3
163.5
154.0
152.1
152.2
151.6
149.4
150.4
159.0
150.9
Employees (6)
41,481
41,660
Branches
1,175
ABMs
Amortization of intangibles (pre-tax)
4,843
10
1,203
4,885
10
42,143
1,205
4,885
10
42,574
1,214
4,759
10
42,580
1,227
4,759
10
43,372
1,318
4,844
10
45.426
1,352
5,057
10
45,507
1,362
5,139
10
45,878
1,393
5,173
12
11
41
44
(1) Data presented on a constant FX basis. Quarterly results reflect FX rates as of Q1/23, while full-year results reflect Current Year Average FX rates. Refer to non-GAAP measures on page 7 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com.
(2) Refer to Non-GAAP measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com.
(3) Ratios are on a reported basis.
(4) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto.
(5) Provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures.
(6) Employees are reported on a full-time equivalent basis.
Scotiabank
Supplementary Financial Information (SFI).
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