Scotiabank Financial Performance Update
Q1 2011 Risk Overview
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Risk in credit portfolios continues to be well-managed
Specific provisions: significant decline year-over-year and
lower quarter-over-quarter
Overall credit quality of loan portfolios continues to improve
Market risk remains well controlled
➤ Average 1-day VaR: $11.7MM vs. $9.3MM in Q4/10
Scotiabank
Significant Decline in Specific Provisions Year-over-year
($ millions)
Q1/10
Q2/10
Q3/10 Q4/10
Q1/11
Canadian Retail
141
149
145
138
134
Canadian Commercial
41
40
24
34
31
182
189
169
172
165
International Retail
130
125
118
129
110
International Commercial
47
48
20
(1)
(3)
177
173
138
128
107
Global Wealth
(1)
2
Scotia Capital
14
(5)
(7)
(8)
(3)
Total
372
357
300
294
269
PCL ratio (bps)
55
55
43
41
38
Scotiabank
17
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