PCL Ratios and Provision for Credit Losses Review
ACQUISITIONS SUMMARY
Outlook and timing of accretion to Diluted EPS remain unchanged
•
Roughly $7 billion in announced acquisitions that enhance presence and
increase scale in key markets of Canada and the Pacific Alliance countries
•
Retail P&C and Wealth Management
• Scotiabank will become the third-largest active asset manager with approximately $235
billion in AUM including Jarislowsky Fraser and MD Financial
Estimated total integration costs of ~$200-$250 million (after-tax, NCI) in fiscal
2019 and 2020 for the acquisitions listed below
• ~75% relates to International Banking
• Neutral impact to Adjusted EPS in fiscal 2019; ~$0.15 accretive in fiscal 2020
BBVA Chile
Acquisition
Citibank's Consumer and Small
Business operation in Colombia
Jarislowsky Fraser
Business Impact
Doubles Scotia's presence and creates the 3rd
largest private bank in Chile
Closed/Expected
Closing
Q3/18
Establishes Scotia as the market leader in credit
cards in Colombia
Q3/18
Aligns with strategic commitment to diversify wealth
management business (Institutional + UHNW)
Q3/18
Banco Cencosud Peru
Creates the second largest card issuer in Peru
Q1/191
MD Financial
Banco Dominicano del Progreso
Creates the largest Private Investment Counsel
business in Canada
Q4/181
Establishes Scotia as the fourth largest full-service
bank in the Dominican Republic
Q1/191
Subject to regulatory approvals and closing conditions
Scotiabank®
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