Q3/09 Financial Performance Overview
Scotiabank
Revenues (TEB)
($ millions)
847
Scotia Capital
Record Revenues
1,104
614
652
400
Q3/09 vs. Q2/09 revenues: up 30%
Global Capital Markets
+ broad based strength, particularly higher
derivatives revenues
Global Corporate & Investment Banking
+ higher spreads, loan origination & credit fees,
partly offset by lower average loan volumes
354
490
447
298
Q3/08
Q2/09
Q3/09
Global Capital Markets (GCM)
Global Corporate & Investment
Banking (GC&IB)
Q3/09 vs. Q3/08 revenues: up 69%
Global Capital Markets
+ record revenues in derivatives
+ strong results in fixed income, foreign exchange,
equity trading, underwriting and precious metals
Global Corporate & Investment Banking
+ higher loan volumes, interest margins, loan
origination fees, and credit fees
+ FV changes in securities
Scotiabank
39
Trend in PCL Ratios
PCL as % average of loans & BAS
Q3/08
Q4/08
Q1/09
Q2/09
Q3/09
Canadian Banking
Retail
Commercial
Total
0.20
0.20
0.30
0.32
0.33
0.34
0.42
0.50
0.83
0.52
0.22
0.23
0.33
0.39
0.36
International Banking
Retail
1.64
2.01
2.32
2.24
2.67
Commercial
-0.28
-0.15
-0.12
-0.09
0.32
Total
0.40
0.59
0.69
0.70
1.14
Scotia Capital (lending
0.04
0.10
0.07
0.87
1.10 *
book only)
All Bank
0.23
0.29
average loans & BAs in Scotia Capital's lending book decreased $9B vs. Q2/09
40
0.37
0.56
0.66View entire presentation