Q4/09 Financial Highlights
Strong Capital Ratios
Tier 1 Ratio (%)
9.3 9.5 9.6
10.4 10.7
Q4/08 Q1/09 Q2/09 Q3/09 Q4/09
Q4/09 vs. Q3/09 Capital Ratios
+ $352 million of internal capital generation
+ DRIP & Option Plan: $178 million
No net impact from RWA or FX
TCE Ratio (%)
7.9 8.2
6.6
7.2 7.2
Q4/08 Q1/09 Q2/09 Q3/09 Q4/09
Scotiabank
15
Canadian Banking: Record Quarter
Net Income
($ millions)
500
503
466
Q4/08
Q3/09
Q4/09
Q4/09 vs. Q4/08
+ Revenues up 10%
+ Increased margin, deposit & asset growth
+ Higher contributions from wealth management
PCLs up $83MM
Expenses up 6%
$23MM relating to VISA reward points
Higher performance-based compensation &
wealth management commissions, partly offset
by strong cost control
Q4/09 vs. Q3/09
+ Revenues up 5%
+ Higher margin (+10 bps) due to asset re-pricing
& funding mix
+ Asset growth, primarily residential mortgages
+ Increased wealth management revenues
PCLs up $21MM
Expenses up 6%
$23MM relating to VISA rewards points
- Higher stock & performance-based compensation
- Spending on growth initiatives
Scotiabank
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