International Banking and Risk Review

Scotiabank Scotiabank Risk Review Brian Porter Group Head, Risk & Treasury 23 Q2/09 Risk Overview • Managing through challenging markets Specific provisions for credit losses: $402MM vs. $281MM in Q1/09 Established sectoral provision of $60MM for wholesale auto Added $27MM to general allowance - now at $1.35 billion Higher coverage ratio Proactively managing credit portfolios Retail International Commercial Wholesale auto North American real estate Market risk well controlled Lower VaR: $16.0MM vs $21.7MM 24

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