International Banking and Risk Review
Scotiabank
net income ($ millions)
Solid Earnings in Our
Three Main Businesses
422 438
410
388
335
332
328
300
255
Q2/08 Q1/09 Q2/09
Other*
Canadian
International
Scotia Capital
(32)
(198)
(284)
Year over year
Canadian Banking: Strong deposit & asset growth, higher PCLs
International: Wider margins, positive impact of acquisitions & FX, higher PCLS
Scotia Capital: Good loan volumes, wider spreads, strong trading results & higher PCLS
Other: Higher funding costs, securities writedowns, higher securitization revenues, positive FI impact
* includes Group Treasury and other corporate items, which are not allocated to a business line
Scotiabank
•
•
•
Positives
Outlook
"The New Normal"
Financial & capital markets stabilizing
Monetary and fiscal stimulus working
Continued growth in emerging
markets
Long-term demographics, technology,
globalization
Negatives
Markets & economies still fragile
Lower leverage, consumption & growth
expectations
More government, more regulation
Scotiabank
Our chosen markets to perform well
Proven strategy, strong management and capital
☐
Bright future
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