International Banking and Risk Review
Scotiabank
Canadian Banking
Solid Volume Growth
Average Balances ($BN)
Q2/09
Q1/09
Q2/08
Y/Y
Q/Q
Residential
118.0
118.2
108.8
8.4%
Mortgages*
(0.1)%
Personal Loans
34.2
33.0
28.2
21.1%
3.5%
Credit Cards**
9.1
9.1
8.7
5.5%
0.7%
Non-Personal
Loans &
25.7
26.3
25.6
0.5%
(2.3)%
Acceptances
Personal
92.3
91.4
83.6
10.4%
0.9%
Deposits
Non-Personal
48.9
48.8
42.0
16.4%
0.2%
Deposits
* before securitization
**Includes ScotiaLine VISA
Scotiabank
37
International Banking
Solid Underlying Quarter
Change
Q2/09
Q1/09
Comments on Q/Q Movements
Q/Q
■ improved margins
NII
959
947
+12
Other
349
471
(122)
Income
Expenses
729
772
(43)
PCL
115
116
(1)
Net Income
332
388
(56)
■ moderating loan growth
$(36)MM loss on sale of portion of card portfolio
MTM loss on non-trading securities
■ lower forex revenues
■reflects cost containment & operating improvement
efforts, as well as some timing
■ benefit from reversal of a $29MM retail provision no
longer required in Mexico
■positive impact from increased collection efforts
■ down from record Q1
■ continued focus on expense & risk management
38View entire presentation