Q3/09 Financial Performance Overview
Scotiabank
Asset Balances
Impacted by Forex & Securitizations
Total Assets
Balances as at July 31, 2009, $ billions
Risk Weighted Assets
($ billions)
($ billions)
(5)%
(8)%
514
242
Residential
486
Residential Mortgages
10
222
mortgages
20
111
10
98
20
Personal Loans
Personal loans
53
54
94
83
Non-personal Loans &
Business &
136
119
Acceptances
government
(includes BAs)
18
16
Securities
Securities
112
126
93
87
Other
102
89
Cash, Other Assets &
Off Balance Sheet Items
AIRB Scaling Factor
Q2/09
Q3/09
Q2/09
Q3/09
Forex Impact: $(17) B
Mortgages: $(13)B & Securities: +$14B
mortgages converted to MBS
Business & Gov't Loans: $(17)B
paydown of corporate loans & forex
RWA declined $20B Q/Q:
impact of forex: $(13)B
underlying reduction in:
⚫ business volumes: $(10)B
•
portfolio migration: +$3B
9
Scotiabank
(%)
10
Higher Net Interest Margin
1.79
1.68
1.53
1.71
1.76
Q3/08 Q4/08 Q1/09 Q2/09
All-Bank: +5 bps qtr/qtr
+ Asset re-pricing
+ Higher loan origination fees
+ Lower non-earning assets
10
Q3/09View entire presentation