Quarterly Financial Performance
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Regulatory Capital Highlights
($ millions)
Common Equity Tier 1 capital (¹)(²)
Tier 1 capital (¹)(2)
Total capital (¹)(2)
Total loss absorbing capacity (TLAC)(3)
Risk-weighted assets (1)(2)(4)
2023
2022
2021
Revised
Revised
Basel III
Basel III
Basel III
Basel III
Basel III
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
55,832
55,520
54,138
53,081
51,639
51,547
52,150
51,010
50,465
64,016
63,688
62,317
61,262
58,801
57,201
57,911
57,915
56,630
74,332
73,197
71,867
70,710
68,086
66,628
65,527
66,101
65,101
134,207
127,815
131,433
126,565
128,800
133,841
122,613
115,681
104,759
Capital risk-weighted assets
439,814
451,063
471,528
462,448
452,800
445,273
433,682
416,105
414,169
Capital ratios (%) (1) (2)
Common Equity Tier 1 (as a percentage of risk-weighted assets)
12.7
12.3
11.5
11.5
11.4
11.6
12.0
12.3
12.2
Tier 1 (as a percentage of risk-weighted assets)
14.6
14.1
13.2
13.2
13.0
12.8
13.4
13.9
13.7
Total capital (as a percentage of risk-weighted assets)
16.9
16.2
15.2
15.3
15.0
15.0
15.1
15.9
15.7
Total loss absorbing capacity (as a percentage of risk-weighted assets)(3)
30.5
28.3
27.9
27.4
28.4
30.1
28.3
27.8
25.3
Leverage(5)
Leverage exposures
Leverage ratio (%)
TLAC Leverage ratio (%) (3)
1,551,344
1,530,107
1,468,559
1,445,619
1,388,823
1,360,184
1,308,247
1,201,766
1,191,993
4.1
4.2
4.2
4.2
4.2
4.2
4.4
4.8
4.8
8.7
8.4
8.9
8.8
9.3
9.8
9.4
9.6
8.8
OSFI target (%)
Common Equity Tier 1 minimum ratio
Tier 1 capital minimum ratio
Total capital minimum ratio
Leverage minimum ratio
Total loss absorbing capacity minimum ratio
TLAC Leverage minimum ratio
8.0
8.0
8.0
8.0
8.0
8.0
8.0
8.0
8.0
9.5
9.5
9.5
9.5
9.5
9.5
9.5
9.5
9.5
11.5
11.5
11.5
11.5
11.5
11.5
11.5
11.5
11.5
3.5
3.5
3.0
3.0
3.0
3.0
3.0
3.0
3.0
21.5
21.5
21.5
21.5
21.5
21.5
21.5
N/A
N/A
7.25
7.25
6.75
6.75
6.75
6.75
6.75
N/A
N/A
Capital instruments subject to phase-out arrangements
Current cap on additional Tier 1 (AT1) instruments subject to phase-out arrangements (%)
N/A
N/A
N/A
10
10
N/A
N/A
N/A
Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities)
Current cap on Tier 2 (T2) instruments subject to phase-out arrangements (%)
Amount excluded from T2 due to cap (excess over cap after redemptions and maturities)
(1) Regulatory ratios and amounts reported as at Q3 2023 and Q2 2023 are under Revised Basel III requirements and are not directly comparable to ratios and amounts reported in prior quarters.
(2) Q3 2023 and Q2 2023 regulatory capital ratios are based on Revised Basel III requirements as determined in accordance with OSFI Guideline - Capital Adequacy Requirements (February 2023). Prior period regulatory capital ratios were prepared in accordance with OSFI Guideline - Capital
Adequacy Requirements (November 2018).
N/A
N/A
750
750
750
750
97
97
N/A
N/A
10
10
N/A
N/A
179
197
250
250
(3) This measure has been disclosed in this document in accordance with OSFI Guideline - Total Loss Absorbing Capacity (September 2018).
(4) As at July 31, 2023, CET1, Tier 1, Total Capital and TLAC RWA include a Basel III floor adjustment of $1.4 billion (April 30, 2023 - $8.2 billion). For prior periods reported in the above table, the Bank did not have a regulatory capital floor add-on to risk-weighted assets for CET1, Tier 1, Total Capital
and TLAC RWA.
(5) Q3 2023 and Q2 2023 leverage ratios are based on Revised Basel III requirements as determined in accordance with OSFI Guideline - Leverage Requirements (February 2023). Prior period leverage ratios were prepared in accordance with OSFI Guideline - Leverage Requirements (November
2018).
N/A not applicable
Scotiabank
Supplementary Financial Information (SFI)
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