Scotiabank Financial Analysis Q2/17
Global Banking and Markets
Net Income ($MM)
517
461
469
421
323
Q2/16 Q3/16 Q4/16 Q1/17 Q2/17
·
·
•
Average Loans² ($B)
Net Interest Margin (%)
84
81
81 82 80
1.78
1.75
1.72
•
1.63
1.60
Q2/16 Q3/16 Q4/16 Q1/17 Q2/17
Q2/16 Q3/16 Q4/16 Q1/17 Q2/17
(1)
Attributable to equity holders of the Bank
(2)
(3)
Average Business & Government Loans & Acceptances
Corporate Banking only
10
Year-over-Year Highlights
Net Income up 60%
•
Increased income from equities related
primarily to higher client activity in
equity trading, contributing 40% of the
year-over-year earnings growth
Remaining increases from Corporate
Banking businesses primarily in U.S.
and Canada, as well as lower PCLS
Partly offset by lower results in
derivatives and commodities
businesses
Revenue up 14%
PCL ratio improved by 56 bps,
driven by lower provisions in the
energy sector
Expenses up 2%
•
Higher performance based
compensation, as well as higher
expenses related to technology and
regulatory initiatives
Higher contributions from equities
and improved credit performance
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