Financial Overview and 2012 Outlook
International Banking: 2012 Outlook
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Scotiabank
Positive outlook for loan growth, despite economic uncertainty:
Commercial: Solid growth expected, with good pipeline of transactions
Retail: Expect momentum from the past 8 quarters to continue building
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As growth initiatives gain more traction and expenses are carefully
managed, expect positive operating leverage for 2012
Margins are expected to remain relatively stable
M&A/Integrations:
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2011 was an active year: Uruguay, Chile & Brazil (closed); Colombia &
China (pending)
Puerto Rico & Thailand integrations were completed
Still opportunistic, looking at selective acquisitions that are complementary
to our footprint
Focus will be on organic growth; good opportunities to leverage existing
platform
Global Wealth Management
2012 Outlook
Scotiabank
Chris Hodgson
Group Head, Global Wealth Management
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