Financial Overview and 2012 Outlook

Canadian Banking Retail: Loans and Provisions 143 23 Scotiabank (Balances at Q4/11, $ billions) Total = $188B; 92% secured 13 % secured Mortgages 100% 1 Lines of Credit 66% Personal Loans 97% Credit Cards 2 36% PCL Q4/11 Q3/11 Q4/11 $ millions 7 5 28 Q3/11 28 Q4/11 Q3/11 Q4/11 Q3/11 22 27 49 43 % of avg. 2 1 49 48 62 89 221 192 loans (bps) (1) Before securitizations of $19 billion & mortgages converted to MBS of $22 billion; 50% insured (including -$15 billion portfolio insurance); LTV in mid-50s for the uninsured portfolio (2) Includes $6 billion of Scotialine VISA 48 International Banking Retail: Loans and Provisions 13.5 0.8 Total Portfolio = $27B 76% secured 2.9 Scotiabank (Balances at Q4/11, $ billions) Credit Cards ($2B) Personal Loans ($8B) ■Mortgages ($17B) 4.8 9.8 4.6 0.9 <<0.1 <<<0.3 1.7 3.6 0.7 2.0 3.4 3.0 0.9 C&CA Mexico Chile Peru (Other) % of total 51% 17% 18% 14% PCL Q4/11 Q3/11 Q4/11 $ millions 47 33 32 Q3/11 41 Q4/11 Q3/11 Q4/11 Q3/11 14 12 36 28 % of avg. 143 106 264 326 114 101 385 355 loans (bps) 24 24

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