Scotiabank Financial Performance Review
Larger contribution from acquisitions
Scotiabank
Impact on income ($ millions)
2007
2006
Net interest income
$464
$173
Other income
263
118
Non-interest expenses
(416)
(191)
Other items (net of tax)
(117)
(46)
Net income
194
54
Earnings per share (diluted)
$0.19
$0.05
Acquisitions Include:
Domestic: Maple Trust & Travelers Leasing Corporation
International: Costa Rica, Dominican Republic, Jamaica, Peru, Thailand
Scotiabank
41
Continue to earn through
forex headwinds
Impact ($ millions)
Q4/07 vs.
Q3/07
Q4/07 vs.
Q4/06
2007 vs.
2006
Revenues
(87)
(136)
(199)
Non-interest expenses
30
52
77
Net income
(37)
(53)
(82)
EPS (diluted)
(4) cents (5) cents
(8) cents
Spot Rate
Average exchange rate
Oct. 31
2007
2006
Q4/07
Q3/07
Q4/06
1.06
$US/$CAD
0.91
0.88
0.98
0.93
0.89
11.27
Mexican peso/$CAD
9.97
9.54
10.79
10.07
9.74
42View entire presentation