Supplementary Financial Information Q1 2023
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Business Segment Performance: International Banking
2023
2022
2021
Full Year
Q1
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
2022
2021
Income Statement- Taxable Equivalent Basis (TEB)-($ millions)
Net interest income (TEB)
Non-interest income (TEB)
Net fee and commission revenues
Net income (loss) from investments in associated corporations
Other operating income (TEB)
Total revenue (TEB)
Provision for credit losses
Non-interest expenses
Income before taxes
Income tax expense (TEB)
Reported net income
Adjusting items (after-tax) (1)
Adjusted net income (¹)
1,899
1,806
1,759
1,687
1,648
1,589
1,586
1,662
1,788
6,900
6,625
802
698
660
720
749
728
776
716
773
2,827
2,993
634
557
539
547
550
519
494
525
520
2,193
2,058
63
51
54
77
68
52
52
53
49
250
206
105
90
67
96
131
157
230
138
204
384
729
2,701
2,504
2,419
2,407
2,397
2,317
2,362
2,378
2,561
9,727
9,618
404
355
325
276
274
314
339
1,436
1,364
1,295
1,268
1,285
1,259
1,299
396
1,294
525
1,230
1,574
1,402
5,212
5,254
861
785
799
863
838
744
724
688
634
3,285
2,790
169
106
122
182
208
137
160
181
157
618
635
692
679
677
681
630
607
564
507
477
2,667
2,155
7
7
6
8
7
7
7
9
9
28
32
699
686
683
689
637
614
571
516
486
2,695
2,187
Reported net income attributable to non-controlling interests (NCI)
Reported net income attributable to equity holders of the Bank (NIAEH)
Adjusted net income attributable to non-controlling interests (NCI)¹
Adjusted net income attributable to equity holders of the Bank (NIAEH)
Profitability Measurements
38
36
52
76
85
79
78
87
88
249
332
654
643
625
605
545
528
486
420
389
2,418
1,823
38
36
52
76
85
79
78
87
88
249
332
661
650
631
613
552
535
493
429
398
2,446
1,855
Net interest margin (1)
4.00
4.08
3.95
3.96
3.87
3.78
3.81
4.05
4.14
3.96
3.95
Net write-offs as a % of average net loans and acceptances(2)
0.88
0.76
0.74
0.76
0.88
1.25
2.37
2.72
1.27
0.79
1.89
Reported
Return on equity (%) (1)
13.4
13.1
13.0
13.2
12.2
12.0
11.1
9.9
8.5
12.9
10.4
Provision for credit losses (PCL) as % of average net loans and acceptances (2)(3)
PCL on impaired loans as % of average net loans and acceptances (2)(3)
Productivity ratio (%) (2)
0.96
0.89
0.84
0.77
0.77
0.91
1.00
1.18
1.49
0.82
1.15
0.89
0.81
0.68
0.77
0.81
1.18
2.08
2.81
1.50
0.77
1.88
53.2
54.5
53.5
52.7
53.6
54.3
55.0
54.4
54.7
53.6
54.6
Adjusted(¹)
Return on equity (%)
Productivity ratio (%)
13.6
13.2
13.1
13.3
12.4
12.2
11.3
10.1
8.7
13.0
10.6
52.8
54.1
53.2
52.2
53.2
53.9
54.6
53.9
54.2
53.2
54.2
Average Balance Sheet ($ billions)
Residential mortgages
47.8
44.3
42.3
42.0
39.7
38.6
38.3
38.8
38.9
42.1
38.6
Personal loans
19.5
18.7
18.4
18.2
17.7
17.9
18.2
18.9
19.4
18.3
18.6
Credit cards
8.2
7.6
7.4
7.3
6.7
6.3
6.5
7.7
8.6
7.2
7.3
Business and government loans & acceptances
95.1
90.1
86.6
83.1
79.3
78.1
74.9
76.4
77.2
84.8
76.7
Total loans & acceptances
170.6
160.7
154.7
150.6
143.4
140.9
137.9
141.8
144.1
152.4
141.2
Investment securities
18.2
17.5
16.6
16.1
15.5
15.8
16.5
17.1
16.6
16.4
16.5
Deposits with banks
15.8
15.0
15.4
16.1
16.8
14.9
15.9
15.7
17.6
15.8
16.0
Other assets
Total assets
Personal deposits
Non-personal deposits
Total deposits
Other liabilities
Total liabilities
Other Information
23.8
23.9
22.4
21.1
20.4
20.6
20.4
19.6
21.1
21.9
20.4
228.4
217.1
209.1
203.9
196.1
192.2
190.7
194.2
199.4
206.5
194.1
39.5
37.8
36.7
36.4
35.5
36.2
35.7
36.3
36.7
36.6
36.3
79.5
74.9
72.0
69.8
65.7
65.9
67.2
66.7
69.1
70.6
67.2
119.0
112.7
108.7
106.2
101.2
102.1
103.0
103.0
105.8
107.2
103.5
49.7
47.6
46.5
42.7
42.8
43.6
43.3
45.9
47.4
44.9
45.0
168.7
160.3
155.2
148.9
144.0
145.7
146.3
148.9
153.2
152.1
148.5
Employees (4)
Branches
ABMs
Amortization of intangibles (pre-tax)
(1) Refer to Non-GAAP measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com.
(2) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto.
(3) Provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures.
(4) Employees are reported on a full-time equivalent basis.
41,481
41,660
1,175
1,203
42,143
1,205
42,574
1,214
4,843
10
4,885
9
4,885
10
4,759
10
42,580
1,227
4,759
10
43,372
45,426
45,507
45,878
1,318
4,844
10
1,352
1,362
1,393
5,057
5,139
5,173
11
11
13
39
45
45
Scotiabank
Supplementary Financial Information (SFI).
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