Financial Review Q2 2010
Q2/10 Risk Overview
•
•
•
Risk in credit portfolios continues to be well-managed
Further decline in specific provisions
-
Net impaired loan formations slowing
-
Reversed $19 million of sectoral provision set up in 2009
Improved coverage ratios
Limited downside risk to loans from R-G Premier Bank
acquisition
Negligible exposure to European Sovereigns
-
Portugal, Ireland, Italy, Greece, Spain
Trading risk & VaR well controlled and within limits
Scotiabank
Further Decline in Specific Provisions
15
($ millions)
Q2/09
Q3/09 Q4/09 Q1/10
Q2/10
Canadian Retail
126
137
159
140
149
Canadian Commercial
52
33
33
41
40
178
170
192
181
189
International Retail
125
146
122
130
125
International Commercial
(10)
33
45
47
48
115
179
167
177
173
Scotia Capital
Total
109
117
65
14
(5)
402
466
424
372
357
PCL ratio (bps)
Scotiabank
4
54
64
63
55
55
55
559
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