Scotiabank Outlook Presentation
Scotiabank
Performance highlights
Consistent solid earnings
➤ EPS: $1.11 vs. $1.10 (ex. Argentina)
➤ ROE: 16.6% vs. 17.3% (ex. Argentina)
Strength from diversified earnings base
Some improvement in credit quality this quarter
➤ Net impaired loans: $559 million, down $61 million from Q4/02
➤ Specific provisions: $325 million, down $150 million from Q4/02 ( ex.
Argentina)
Leading productivity ratio: 51.2% vs. 56.7% in Q1/02
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Excellent capital ratios
➤ Tier 1: 10.0%
Scotiabank
➤ Tangible Common Equity (TCE): 8.5%
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EPS, $
Consistent solid earnings in a
challenging environment
1.10
1.11
1.01
1.04
1.05
1.09
1.11
1.05
0.95
Q1/01 Q2/01
Q3/01
0.05
Q4/01 Q1/02 Q2/02 Q3/02 Q4/02 Q1/03
* charges relating to Argentina of $1.05/share
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