Automotive Finance and ESG Strategies
Other Regions
Strong contribution from leading Caribbean & Central American franchise
• Caribbean & Central America
。 16 countries contributing - CAD $700MM in earnings in 2018
。 Well-established, diversified franchise that serves retail, commercial and corporate customers
○ Actively managing footprint to ensure scale in larger growth markets and reduce risk profile:
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Announced sale of operations in 9 smaller countries in Caribbean in Q1/19
Completed acquisition of Banco Dominicano del Progreso in Q2/19. Doubles customer base and creates 4th largest bank
Completed sale of pension and insurance operations in the Dominican Republic in Q2/19
○ Announced sale of banking and insurance operations in El Salvador in Q2/19
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Announced sale of Announces the sale of operations in Puerto Rico and the U.S. Virgin Islands in Q3/19
o Recognized by Global Finance magazine as:
Asia
"Best Bank Award 2017" in the Bahamas, Barbados, Costa Rica, Turks & Caicos and U.S. Virgin Islands;
"World's Best Consumer Digital Bank 2017" in 24 countries across Latin America and the Caribbean; and
"Best in Mobile Banking" in the Caribbean region
。 Thailand: 49% interest in Thanachart Bank ("TBank") (2007)
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Announced definitive agreement to reduce investments in Thailand in Q3/19, resulting in Scotiabank owning approximately
6% of a Merged Bank (among ING Groep, TBank and TMB)
CAD $3.0B carrying value as of October 31, 2018
CAD $590MM of net income for twelve months ended October 31, 2018
。 China: 19.9% interest in Bank of Xi'an (2009)
○ CAD $1.2B market value as of Q2/19
CAD $772MM carrying value as of October 31, 2018
○ CAD $456MM of net income for twelve months ended October 31, 2018
Scotiabank. 50View entire presentation