Scotiabank Risk and Credit Portfolio Overview
Scotiabank
285
268
51**
234
International Banking
Solid Operating Performance
Net Income*
($ millions)
316
Q3/06
Q4/06 Q1/07
*available to common shareholders
**VAT recovery in Mexico
293
270
Net income up 15% yr/yr (ex. VAT)
+ revenues up 13%
expenses up 6%
.
business growth initiatives
• normal salary increases
higher tax rate
Net income down 8% qtr/qtr
+ higher retail volumes in Caribbean,
Mexico and Peru
MTM writedown in securities portfolio
impact of forex translation
Q2/07 Q3/07 higher tax rate
-
19
Scotiabank
International Banking
Good Revenue Growth
Revenues (TEB)
($ millions)
979
967
953
895
844
387
394
393
349
331
303
339
342
322
305
208
243
241
243
238
Q3/06
Q4/06 Q1/07 Q2/07
■Caribbean & Central America
Mexico
Latin America/Asia/Other
Revenues up 13% yr/yr
C&CA up 19%
+ strong asset and deposit growth
+ higher fee revenues
+ impact of acquisitions
Mexico up 6%
+ strong retail loan growth
+ higher card, mutual fund fees
-
lower trading revenues
LatAm/Asia/Other up 14%
+ higher loan volumes in Peru/Chile
MTM writedown in securities portfolio
Revenues down 3% qtr/qtr
+ higher retail loan volumes
-
Q3/07
MTM writedown
- impact of forex translation
20View entire presentation