International Banking and Risk Review
Scotiabank
International Banking
Stable Underlying Revenues
Revenues (TEB)
($ millions)
1,418
1,308
1,153
359
295
323
522
503
410
537
510
420
Q2/08
Mexico
Q1/09
Q2/09
Caribbean & Central America
Latin America & Asia
Q2/09 vs. Q1/09 revenues: down 8%
■ Mexico
- loss on sale of portion of credit card portfolio
- lower forex revenues vs. very strong Q1
+ solid volume growth & wider spreads
■ Caribbean & Central America
- moderating loan volumes
+ higher spreads
■ Latin America & Asia
- MTM loss on non-trading securities
+ benefit from increased investment in Thailand
Q2/09 vs. Q2/08 revenues: up 13%
Mexico
+ higher P&C loan volumes & spreads
negative impact of forex & sale of portion of credit
card portfolio
■ Caribbean & Central America
+ higher underlying spreads & solid loan growth
+ positive impact of forex
Latin America & Asia
+ acquisitions in Peru
+ positive impact of forex translation
39
Scotiabank
International
Increased Diversification
Q2/07 Revenue: $979MM
Q2/09 Revenue: $1,308MM
Other
LA &
Asia
8%
Mexico
35%
C&CA
42%
Peru
12%
+34%
Chile
3%
40
Other LA
& Asia
10%
Mexico
23%
Peru
19%
C&CA
38%
Chile
10%View entire presentation