Scotiabank Financial Performance Update
Net Interest Margin
10
(%)
1.76
1.75
1.75
1.73
1.68
Q1/10 Q2/10
Q3/10 Q4/10 Q1/11
Q1 margin benefited from...
.
Higher loan origination fees
•
Lower volume of low margin assets
Partially offset by...
Higher volumes in fixed income and
institutional equity
Scotiabank
Canadian Banking: Solid Quarter
Revenues (TEB)
($ millions)
1,545
1,568
1,592
1,142
1,171
1,189
Year-over-Year
■ Retail & Small Business
+ Asset growth, primarily in mortgages
+ Deposit growth
■Commercial Banking
+ Securities gains and higher credit fees
- Lower loan balances
Quarter-over-Quarter
■ Retail & Small Business
+ Continued growth in residential mortgages
■Commercial Banking
403
397
403
+ Securities gains
Q1/10
Q4/10
Q1/11
+ Credit card fees
Retail & Small Business
Commercial Banking
Scotiabank
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