Scotiabank Risk and Credit Portfolio Overview

Scotiabank Revenues (TEB) ($ millions) Domestic Banking Good Revenue Growth 1,543 1,412 1,455 1,471 1,472 1,023 953 984 980 977 237 255 282 288 283 222 216 209 207 237 Q3/06 Q4/06 Q1/07 Q2/07 Q3/07 Retail & Small Business Wealth Management ■Commercial Banking/Other Revenues up 9% yr/yr Retail & Small Business +7% + strong asset and deposit growth lower margin mainly due to change in mix and higher funding costs Wealth Management + 19% + retail brokerage up 15% + mutual funds fees up 34% + Private Client Group up 12% Commercial + 7% + strong loan and deposit growth Revenues up 5% qtr/qtr + longer quarter + asset and deposit growth 17 Scotiabank International Banking Rob Pitfield Executive Vice President International Banking 18

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