Scotiabank Investor Presentation Second Quarter, 2007
Scotiabank
296
Net Income*
($ millions)
361
364
Domestic Banking
Strong performance
Q2/07 vs. Q2/06 net income: up 23%
■ Revenues up 8% driven by:
-strong growth in mortgages, personal lending
from organic growth, Maple Trust acquisition
-higher wealth management revenues
Expenses up 3% largely due to:
-business growth (acquisitions, branch
expansion)
-normal salary increases
-volume-driven expenses in wealth management
■ ROE of 32%
Q2/06
Q1/07
Q2/07
* available to common shareholders
Q2/07 vs. Q1/07 net income: up 1%
■ Revenues flat - shorter quarter
Expenses unchanged
■ Loan losses down
Scotiabank
15
Domestic Banking
Volume growth, market share gains
Growth (Yr/Yr)
Market
Share*
Residential
mortgages
$14 B (17%)
(Yr/Yr)
Business loans
$2 B (8%)
Residential
Mortgages
18 bp
Personal
$4 B (6%)
deposits
Personal Term
Deposits
20 bp
Business
deposits
$5 B (14%)
Mutual Funds
4 bp
*As at March 31
Good momentum from recent acquisitions (Maple, Travelers)
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