Why Invest in Scotiabank?
Credit Performance
TOTAL ACLs ($MM) AND ACL COVERAGE RATIO1
125 bps
125 bps
116 bps
109 bps
95 bps
7,820
7,810
7,403
181
-220
-182
6,893
6,079
1,957
1,994
-177
74
1,776
1,938
1,643
5,445
5,682
5,596
4,362
4,778
Q2/20
Q3/20
Q4/20
Q1/21
Q2/21
Performing Loan ACLs
Impaired Loan ACLS
Other²
TOTAL PCLs ($MM) 3,4 AND PCL RATIO
•
•
119 bps
136 bps
•
2,181
73 bps
1,846
-2
149
49 bps
•
155
-2
33 bps
752
670
1,131
3
330
62
764
4
496
1,278
215
20
1,019
145
736
525
396 (2)
(43)
Q2/20
Q3/20
Q4/20
Q1/21
Q2/21
International Banking
Canadian Banking
Global Banking and Markets
Other4
1 ACL coverage ratio defined as period end ACLs divided by gross loans
HIGHLIGHTS
$6.9 billion in total ACLS (35% above pre-pandemic
levels)
Performing loan ACLs decreased 15% from the
prior quarter
Total ACLS represents ~10 quarters of net write-
offs
Total ACL coverage ratio of 109 bps
HIGHLIGHTS
Total PCL ratio of 33 bps decreased 86 bps Y/Y
and 16 bps Q/Q
The Q/Q improvement was driven mainly by
performing ACL releases due to a more favourable
credit quality and macroeconomic outlook and
migration to Stage 3 PCL
2 Includes ACLs on off-balance sheet exposures and ACLS on acceptances, debt securities and deposits with financial institutions
3 Includes provision for credit losses on debt securities and deposit with banks in International Banking (Q1/20: -$1 million, Q2/20: $1 million, Q4/20: -$1 million), in Global Banking and Markets (Q3/20: $1 million,
Q4/20: -$1 million), in Global Wealth Management (Q3/20: -$1 million) and in Other (Q1/20: $1 million, Q2/20: -$2 million, Q4/20: $2 million)
4 Other includes provisions for credit losses in Global Wealth Management of -$2 million (Q2/20: $2 million, Q3/20: $1 million, Q4/20: $3 million, Q1/21: $4 million)
42View entire presentation