Q3/11 Financial Performance and Outlook
34
International Banking: Strong Performance
Revenues (TEB)
($ millions)
1,316
1,339
1,260
292
307
274
441
461
456
26
530
557
571
Q3/10
Q2/11
Q3/11
Mexico
Caribbean & Central America
Latin America & Asia (☑represents
portion of negative goodwill as described
in Q2/11 Report to Shareholders)
Year-over-Year
Scotiabank
Mexico
+ Improved commercial lending volumes and
retail lending spreads
Caribbean & Central America
+ Higher transaction based revenues
• Latin America & Asia
+ Strong loan volume growth in Asia, Peru and
Chile
+ Benefit of acquisitions
- Lower gains on sales of securities
Quarter-over-Quarter
• Mexico
•
•
+ Improved retail lending spreads
+ Higher trading revenues
Caribbean & Central America
+ Higher commercial banking revenue, mortgage
fees and retail lending volumes
Latin America & Asia
+ Continued solid loan growth in Peru and Asia
- Impact of Q2 negative goodwill
Global Wealth Management: Good Growth
Revenues (TEB)
($ millions)
1,096
260
Year-over-Year
Wealth Management
+ DundeeWealth acquisition
+ Organic growth
Insurance
818
+ Higher fee revenues
120
121
Scotiabank
571
104
716
697
467
Q3/10
Q2/11
Q3/11
Insurance
Wealth Management (represents
gain from revaluation of original
18% stake in DundeeWealth)
Quarter-over-Quarter
• Wealth Management
•
- Lower trading volumes and pricing pressure in
discount brokerage
Insurance
+ Continued progress in new products and sales
+ Longer quarter
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