Investor Presentation - First Quarter, 2007
Scotiabank
Earnings growth across all business lines
net income available to common shareholders, $ millions
361
335
329
Domestic
268
233
316
International
Q1/06 Q4/06 Q1/07
258
235
294
Scotia Capital
Domestic: Robust asset and deposit growth, and strong results in wealth management.
International: Record net income driven by Mexico, positive earnings impact of acquisitions
and well-controlled expenses.
Scotia Capital: Record net income driven by higher lending volumes in all regions and
continued favourable credit conditions, partly offset by lower trading revenues
Scotiabank
5
Positive operating leverage
Q1/07 vs. Q1/06 (TEB)
Revenue Expense Operating
Growth Growth Leverage
Domestic
6.5%
4.4%
2.1%
International
30.0%
24.2%
5.8%
Scotia Capital
1.8%
2.3%
(0.5)%
All - Bank
13.6%
10.4%
3.2%
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