Quarterly Financial Performance
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Appendix 2: International Banking by Region (1) Latin America
Latin America (2) ($ millions)
Total revenue (TEB)
Provision for credit losses
Non-interest expenses
Net income before tax
Income tax expense (TEB)
Reported net income
Adjusting items (after tax)(3)
Adjusted net income (3)
Reported
Net income attributable to non-controlling interests (NCI)
Net income attributable to equity holders of the Bank (NIAEH)
Impact of FX Translation
Adjusted (3)
2023
Q3
2022
2021
Year-To-Date
Full Year
22
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
2023
2022
2022
2021
2,213
2,173
2,252
2,148
2,050
2,048
2,076
1,983
2,011
6,383
5,929
8,036
7,714
490
421
394
345
301
257
265
301
328
1,269
795
1,130
1,418
1,151
1,163
1,167
1,134
1,081
1,050
1,081
1,059
1,060
3,377
3,111
4,208
4,118
572
589
691
669
668
741
730
623
623
1,737
2,023
2,698
2,178
134
114
118
68
83
131
175
89
132
347
365
437
458
438
475
573
601
585
610
555
534
491
1,390
1,658
2,261
1,720
7
6
7
6
7
7
7
7
20
445
481
580
607
592
617
562
541
498
1,410
21
1,679
27
2,288
30
1,750
(9)
(4)
13
14
31
59
71
66
59
154
168
248
447
479
560
587
554
551
484
468
432
1,390
1,504
2,093
1,472
(29)
(68)
(70)
(56)
(61)
(44)
(31)
(25)
(75)
(148)
(3)
447
450
492
517
498
490
440
437
407
1,390
1,429
1,945
1,469
NIAEH-including impact of FX Translation
Net income attributable to non-controlling interests (NCI)
(9)
(5)
13
13
31
59
70
66
59
155
167
249
Net income attributable to equity holders of the bank (NIAEH)
454
486
567
594
561
558
492
475
439
1,410
1,524
2,121
1,501
Impact of FX translation
(29)
(68)
(71)
(57)
(61)
(45)
(31)
(25)
(76)
(150)
(1)
NIAEH - including impact of FX translation
454
457
499
523
504
497
447
444
414
1,410
1,448
1,971
1,500
Profitability Measurements (4)
Net interest margin (3)
3.82
3.80
3.71
3.79
3.71
3.77
3.68
3.60
3.59
3.78
3.72
3.74
3.74
Reported
Provision for credit losses (PCL) as % of average net loans and acceptances (5) (6)
PCL on impaired loans as % of average net loans and acceptances (5)(6)
1.28
1.12
1.01
0.91
0.83
0.76
0.77
0.89
1.01
1.14
0.79
0.82
1.16
1.17
0.98
0.92
0.84
0.70
0.77
0.73
1.17
2.14
1.03
0.73
0.76
1.93
Productivity ratio (%) (5)
52.0
54.1
52.6
53.3
52.6
51.6
51.8
52.8
52.1
52.9
52.0
52.3
52.6
Average Balances ($ billions)
Residential mortgages
Personal loans
Credit cards
Business and government loans & acceptances
Total loans & acceptances
Total Deposits
44.5
43.9
43.1
41.9
40.3
38.7
37.2
35.2
33.8
42.6
37.5
38.3
32.6
17.2
17.5
17.3
17.3
17.1
16.6
16.7
16.5
16.7
16.8
16.3
16.4
16.0
7.3
7.3
7.2
6.9
6.7
6.3
5.8
5.4
5.3
7.1
6.0
6.2
5.7
86.4
86.7
87.5
84.7
83.4
79.6
76.6
75.2
71.9
85.9
78.9
80.1
71.1
155.4
155.4
155.1
150.8
147.5
141.2
136.3
132.3
127.7
152.4
138.7
141.0
125.4
103.4
102.4
100.1
97.3
95.4
92.4
89.2
88.2
89.1
99.5
89.9
91.1
85.0
(1) Data presented on a constant FX basis. Quarterly results reflect FX rates as of Q3/23, while full-year results reflect Current Year Average FX rates. Refer to non-GAAP measures on page 8 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca.
(2) Includes results of Mexico, Peru, Colombia, Chile, Brazil, along with results of smaller operations in the region and unallocated expenses.
(3) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca for a description of the measure. Refer to Page 31 of the Supplementary Financial Information Report for a reconciliation.
(4) Ratios are on a reported currency basis.
(5) Refer to page 53 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto.
(6) Provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures.
Scotiabank
Supplementary Financial Information (SFI)
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