International Banking and Growth slide image

International Banking and Growth

Q1 2015 Financial Performance $ millions, except EPS Q1/15 Q/Q² Y/Y Net Income $1,726 +1% +1% . Diluted EPS $1.35 +2% +2% Revenues 1 $5,955 +1% +4% • Expenses $3,197 +1% +3% Productivity Ratio 53.7% +40bps -50bps Dividends Per Common Share +$0.02 • +$0.02 +$0.02 $0.66 $0.66 $0.64 $0.64 $0.62 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Announced dividend increase (1) Taxable equivalent basis (2) Adjusted for: $265 million of notable items in Q4/14 (See Appendix - Notable Items) 6 Highlights Diluted EPS growth of 2% Y/Y Solid business performance and results to start the year Revenue growth of 4% Y/Y Asset growth primarily in business lending and personal loans Positive impact of FX Higher core banking margin Higher fee income, partly offset by a lower contribution from associated corporations due to Cl sale Expenses up 3% Y/Y Expense growth was well contained Technology costs and software amortization Volume-related expenses from wealth management businesses and loyalty program costs Positive operating leverage of 1% Scotiabank®
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