International Banking - Annual Overview
FUNDING STRATEGY
Reducing the Bank's reliance on wholesale funding and diversifying funding sources
Build customer deposits in all of our key markets
• Continue to reduce wholesale funding (WSF) and shift mix towards longer term funding
。 Absolute level of wholesale funding down $8B to $218B Y/Y
。 Wholesale funding as % of total assets down to 23.8% from 25.2% Y/Y
О Asset growth funded through deposits
。 Money market funding as % of total WSF down to 36.8% from 37.7% Y/Y
• Achieve appropriate balance between cost and stability of funding
。 Maintain pricing relative to peers
⚫ Diversify funding by type, currency, program, tenor and markets
o Regular issuance in all markets executed via wholesale funding centers in Toronto, New York, London and Singapore
• Pre-fund at least one quarter ahead, market permitting
Funding strategy and associated risk managed from Toronto within policies and limits
approved by Board of Directors
Scotiabank®
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