Scotiabank Risk and Credit Portfolio Overview
Scotiabank
Benefiting From Diversification
Net Income*
($ millions)
Domestic up 22% yr/yr
391
319
270
285
278
276
46
Q3/06
79
Q3/07
Domestic
■International
Scotia Capital
Other
*available to common shareholders
Scotiabank
International up 15% yr/yr (ex. VAT**)
Scotia Capital - strong performance
**$51MM VAT recovery in Q3/06
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Highlights
Domestic
•
•
•
Expanding distribution - branches, sales people
Growing Wealth franchise
- #5 in industry for YTD net sales of long-term funds
Market share gains in key products
International
.
Investing for organic growth
- expanding distribution
- product initiatives - e.g. credit cards, small business
Making on-strategy accretive acquisitions
■ Scotia Capital
.
Growing, yet maintaining credit & market risk discipline
Leveraging strengths in corporate relationships- lending, energy,
derivatives, NAFTA
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