Q3/09 Financial Performance Overview
Scotiabank
$ billions
Small U.S. Real Estate Exposure
Canada
U.S.
Total(1)
Q3/09
Total(1)
Q2/09
Residential
3.1
0.3
3.4
3.8
Commercial & Industrial
0.9
0.9
1.0
Office
0.5
0.1
0.6
0.7
Retail
1.0
0.3
1.3
1.2
REITS
0.4
1.1
1.5
1.8
5.9
1.8
7.7
8.5
"
Cdn. Residential: Single Family (55%), Condominium (21%), Income Producing (24%)
Development deals with experienced, long-term clients
"
REITs are primarily liquidity facilities to investment grade borrowers
Year-to-date loss ratio: 44bps - relates primarily to US condo construction
(1) loans and acceptances
Scotiabank
49
Bank-Sponsored Multi-Seller Conduits
(Q3/09, $ billions)
Funded assets
Weighted-average: rating (equivalent)
life (years)
Canadian
Conduits
2.0
U.S.
Conduit
(Q2/09: 2.5)
4.7
(Q2/09: 5.6)
AA- or higher
74% A or higher
1.0
1.4
Volume down 11% vs. last quarter
Assets mostly receivables
auto loans/leases: 40%, trade: 22%, equipment loans: 13%, diversified
ABS: 11%
ā
No direct CDO or CLO exposure
50View entire presentation