Canadian Banking Financial Analysis
INTEGRATION UPDATE
Integration efforts are progressing well and on track for closed acquisitions
•
Significant progress with BBVA Chile and MD Financial
• Customer retention rates are very high
Key integration metrics are strong
Realization of synergies are on track and as expected
• On track to achieve -$0.15 adjusted diluted EPS accretion in 2020 for acquisitions
announced in 2018
BBVA Chile
Integration Highlights
MD Financial
.
$30 million of synergies captured to date, or $70 million of
annualized benefits representing ~45% of total target synergies
Approximately 16 bps increase in combined market share for
loans year-over-year
All channels have been re-branded (online, branches etc.)
Integration execution on track and expected to be completed
by the end of 2019
·
98% client retention. Minimal advisor attrition.
>1,600 cross-referrals between Scotiabank and MD Financial
775 new physician banking customers since closing
Scotiabank®View entire presentation