Scotiabank Investor Presentation Second Quarter, 2007
Scotiabank
Scotia Capital revenues - Strong loan
volume growth, interest recoveries
revenues (TEB), $ millions
630
580
656
322
331
312
334
299
268
Q2/06
Q1/07
Global Capital Markets (GCM)
Q2/07
Global Corporate & Investment Banking
(GC&IB)
Q2/07 vs. Q2/06 revenues: up 13%
Global Corporate & Investment Banking: up 25%
Higher interest recoveries from impaired loans
Higher lending volumes: up 24%
- primarily investment grade
■ Increased investment banking revenues
Partly offset by narrower spreads
Global Capital Markets: up 3%
Strong results in precious metals, fixed income
Q2/07 vs. Q1/07 revenues: up 4%
■ Increased interest recoveries
Higher results in investment banking, including M&A
Partly offset by lower capital markets revenues,
corporate banking fees
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Scotiabank
Scotia Capital
Update on 2007 priorities
> Enhance NAFTA platform
- expand product capabilities, particularly in Mexico
> Build additional global specializations
broadened client and research coverage in
-
oil & gas sector
recent additions in mining sector showing early
promise
- increase business with alternative asset managers -
ramp up marketing efforts
> Maintain strong credit discipline
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