Global Wealth & Insurance and Banking Performance Review
Economic Outlook in Key Markets
Real GDP (Annual % Change)
2000-12
Country
2013F
2014F
2015F
Avg.
Mexico
2.4
1.1
2.7
3.7
Peru
5.7
5.1
5.4
5.6
Chile
4.5
4.0
4.1
4.5
Colombia
4.2
4.1
4.5
4.5
Costa Rica
4.3
3.0
3.9
4.1
Dominican Republic
5.2
2.7
3.5
3.8
Thailand
4.2
2.8
3.5
4.5
2000-12
2013F
2014F
2015F
Avg.
Canada
U.S.
2.2
2.0
2.2
2.5
1.9
1.9
2.8
3.0
Source: Scotia Economics, as of February 28, 2014
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PCL Ratios
Scotiabank
(Total PCL as % of average loans & BAs)
Q1/13
Q2/13 Q3/13 Q4/13 Q1/14
Canadian Banking
Retail
0.18
0.18
0.17
0.17
0.19
Commercial
0.14
0.42
0.06
0.13
0.20
Total
0.18
0.21
0.16
0.17
0.19
International Banking
Retail
2.12
2.15
2.06
1.93
2.08
Commercial
0.12
0.10
0.11
0.25
0.20
Total
0.87
0.87
0.84
0.87
0.87
Global Wealth & Insurance
0.04
0.10
0.05
Global Banking & Markets
Corporate Banking
0.05
0.13
0.12
(0.02)
0.03
All Bank
0.32
0.35
0.31
0.31
0.34
Note: International Banking's total includes the impact of Colombian purchased portfolio. The Bank expects the PCL ratio to rise with the
maturity of the acquired portfolio. See page 28 of the 2013 Annual Report.
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Scotiabank
13View entire presentation