Performance Review Q3 2007

Scotiabank Stronger Balance Sheet Stronger capital ratio Q4/99 Q3/07 Tier 1 capital ratio 8.1% 9.7% Higher level of liquidity ($ billions) Liquid assets Total assets $222.7 $43.9 $107.0 $408.1 Q4/99 Q3/07 Liquid assets as % of total assets 20% 26% 41 Scotiabank Moderate Net Impaired Loan Formations (Q3/07, $ millions) Domestic Domestic Retail: formations reflect growing portfolio size; underlying credit trends remain strong - Retail 77 - Commercial 1 78 Domestic Commercial: stable credit quality International - Mexico 48 - Caribbean & 16 Central America - Latin America & Asia 29 93 International: formations primarily in retail portfolios across division, largely mirroring underlying asset growth Scotia Capital: repayment on two accounts in Europe Scotia Capital - U.S. - Canada & Other (1) (23) (24) Total 147 42

View entire presentation