Q1/06 Business Line Results and Risk Review
Scotiabank
International - a strong performance
$ millions
%
Net income* -ROE
250
200
150
100
50
40
35
30
$25
20
15
10
Net income of $233 million
-
-
up 13% yr/yr, 34% qtr/qtr
• strong growth in assets, up 8% yr/yr
ROE: 22.9%
Higher revenues
-
up 16% yr/yr, 5% qtr/qtr
Expenses:
-
5
up 17% yr/yr, down 7% qtr/qtr
0
0
◉
Provisions up slightly
Q1/05
Q4/05
Q1/06
* net income available to common shareholders
17
up $20 mm yr/yr, $11 mm qtr/qtr
Scotiabank
Grupo Scotiabank - record contribution
earnings contribution, $ millions
150
125
100
75
50
50
25
0
Q1/05
Q4/05
Q1/06
■ Contribution of $139 million
-
up 78% yr/yr, 76% qtr/qtr
■ ROE: 36%
■ Revenues up 27% yr/yr, 9% qtr/qtr
- higher credit card and other retail
revenues
- gain on sale of investment securities
■ Lower expenses qtr/qtr
- advertising and promotion
- performance-based compensation
18View entire presentation