Scotiabank Canadian Legislative Covered Bonds Presentation
Medium-Term Financial Objectives
Metric
All Bank
Objectives
Q2 2017 Results Q2 2017 YTD Results
(Y/Y)
(Y/Y)
EPS Growth
5-10%
+11% (1)
+10% (1)
ROE
14% +
+14.9%
+14.6%
Operating Leverage
Positive
-0.6% (1) (2)
+1.1% (1)(2)
Capital
Maintain strong ratios
11.3%
11.3%
Canadian Banking
Net Income Growth
International Banking
Net Income Growth
6-9%
8-10%
+11% (3)
+11% (3)
+19% (4)
+17%
(1)
Adjusting for the Q2/16 restructuring charge of $278 million (after-tax) or $378 million (before tax)
(2)
Taxable equivalent basis
(3)
(4)
Adjusting for the gain on sale of non-core lease financing business in Q2/16. Excluding real estate gains as well, net income is up 5% Y/Y or 6% YTD
International Banking net income attributable to equity holders growth is 23% when adjusting for foreign currency translation
10
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