Digital Progress: Canada
Focused on Higher Return Markets
SCOTIABANK P&C BANKING FOCUSED ON HIGHER ROE MARKETS
35%
30%
25%
20%
31.7%
15%
10%
5%
0%
Canada¹
2
15.9%
15.2%
Pacific Alliance |
Average FY22 ROE of
Canadian banks in each
market
FY22 ROE of BNS in Pacific
Alliance market
3
10.6%
4
13.0%
US
Average 10-Year ROE of
largest banks in each
market
1 Average FY22 ROE of Canadian P&C segments of RY, TD, BMO, CM, and BNS; 2 Average 10-year ROE of Banorte, Banbajio, Santander Mexico, Credicorp, Bancolombia, Santander Chile and Banco de Chile;
3 Average 10-year ROE of JP Morgan, BofA, Citi, Wells Fargo, Truist, US Bancorp, PNC, Fifth Third, M&T and Comerica; 4 Banks include TD, BMO and CM's US Banking segment
Sources: Company Financial Reports
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