International Banking: Second Half 2010 Outlook
Maintained Capital Ratios
11.2
11.2
10.4
10.7
TCE (%)
9.6
Tier 1 (%)
8.8
8.8
8.2
7.9
7.2
Q2/09 Q3/09 Q4/09 Q1/10
Q2/10
•
•
•
YTD internal capital generation of $980MM
Increased DRIP participation: $172MM (vs. $132MM in Q1)
$265MM preferred share issue
Investments in Thailand, Puerto Rico
Scotiabank
Canadian Banking: Positive Momentum Continues
Net Income
($ millions)
560
584
Q2/10 vs. Q2/09
■ Revenues up 17%
+ 17 bps increase in margin, volume growth
+ Higher wealth management revenues
■ PCLs flat
"
Expenses up 6%
-
-
Volume related costs
Performance-based compensation
410
Q2/09
Q1/10
Q2/10
Scotiabank
Q2/10 vs. Q1/10
■ Revenues up 2%
+ Increase in margin
+ Higher wealth management revenues
▪ PCLs up $9MM, delinquencies trending down
Expenses down 1%
+ Shorter quarter
Discretionary & growth related expenses
9
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