Scotiabank Outlook Presentation
Strong growth in other income
Scotiabank
$ millions
Change Q1/03 vs. Q4/02
Change Q1/03 vs. Q1/02
$
15
%
%
2
Reported
165
19
Less: effect of sales of Argentine
(122)
operations & merchant acquirer
43
23
business
137
15
Underlying
66
73
Trading revenue
27
100+
Investment securities gain
13
33
Foreign exchange & other
12
12
Underwriting fees & other
19
3
Other
223503
360022
13
16
38
10
12
9
Expenses well controlled
Scotiabank
$ millions
Change Q1/03 vs. Q4/02
$
%
(207)
(13) Reported
(252)
Change Q1/03 vs. Q1/02
બ
%
(157)
(10)
(75)
Less: effect of sales of Argentine
operations & merchant acquirer business
66
99
Expense recoveries/tax settlement
(21)
(1)
45
Performance/stock-based compensation
(66)
(5) Base expenses
10
n/a
(82)
(6)
(50)
(32)
(3)View entire presentation