Strong Quarter Financial Performance
Disciplined Expense Management
Non-Interest Expenses
($ millions)
-
1,959
1,967
2,023
1,093
1,126
1,143
382
384
360
"
484
464
513
Q3/09
Q2/10
Q3/10
Salaries & employee benefits
■Premises & technology
Other
Scotiabank
Year-over-Year
Expenses up 3%
-
Expenses related to acquisition of R-G Premier
-Increased remuneration, advertising and
professional spending to support business growth
+ Lower performance based compensation reflecting
lower trading revenues
Quarter-over-Quarter
Expenses up 3%
- Acquisition of R-G Premier
- Longer quarter
- Higher spending in technology, advertising and
premises
+ Lower performance based compensation
Strengthened Capital Ratios
11.7
11.2
11.2
10.7
10.4
TCE (%)
Tier 1 (%)
9.3
8.8
8.8
8.2
7.9
Q3/09 Q4/09 Q1/10 Q2/10 Q3/10
•
YTD internal capital generation of $1,484MM
•
Scotiabank
DRIP participation: $166MM (vs. $172MM in Q2)
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