Investor Presentaiton
Scotiabank
Revenue - Solid Trends in Core Businesses
Revenues (TEB)
($ millions)
3,214
3,294
245*
2,957
1,333
1,117
1,025
1,881
1,932
1,932
Q1/07
Q4/07
Q1/08
Net Interest Income (TEB)
Other Income
Q1/08 vs. Q1/07 revenues: down 8%
■ NII up 3% on strong volume gains in all
businesses, partly offset by negative forex
translation & MTM losses
■ Other income down 23%, as higher wealth
management revenues were more than offset by:
securities write-downs
-
-
lower trading revenues
Q1/08 vs. Q4/07 revenues: down 10%
■ NII unchanged, as very strong asset growth was
offset by lower tax-exempt dividend income
■ Other income down 25% due mainly to:
-
-
Q4 gains - Visa, bond index business
higher write-downs of non-trading securities
lower gains on sale of non-trading securities
*Gains on VISA & sale of bond index business
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Scotiabank
Strong Asset Growth Continues
average balances, $ billions
9%
429
392
104
91
42
39
99
86
99
97
77
Q1/07
87
Q1/08
Residential mortgages
Personal loans
Business & government (includes acceptances)
Securities
Other
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+ residential mortgages up 14%
+ personal loans up 9%
+ business & gov't loans up 15%View entire presentation