Strategy in action
37
38
Global Banking & Markets: Strength of Diversification
Revenues (TEB)
($ millions)
845
845
910
.
507
441
470
404
375
403
Q2/11
•
Q1/12
Q2/12
■Global Capital Markets
Global Corporate & Investment Banking
Year-over-Year
Global Capital Markets
+ Higher revenues in precious metals,
equities and energy
- Fixed income revenues decline
Global Corp. & Investment Banking
+ Volume growth
- Lower advisory fees and credit fees in
Canada
- Modestly lower margin in Canada and the
U.S.
Quarter-over-Quarter
Global Capital Markets
+ Strong revenues in equities
Global Corp. & Investment Banking
+ Higher margins in the U.S. and Canada
+ Modest volume increase in Europe and the
U.S.
Scotiabank
Economic Outlook in Key Markets
Real GDP (Annual % Change)
2000-10
Country
2011e
2012F
2013F
Avg.
Mexico
2.1
3.9
3.6
3.7
Peru
5.5
6.8
5.5
5.6
Chile
4.6
6.1
5.0
5.9
Jamaica
0.7
1.5
1.2
1.5
Colombia
4.0
5.9
5.0
5.0
Costa Rica
4.1
4.2
3.8
4.0
Dominican Republic
5.4
4.5
4.7
4.8
Thailand
4.4
5.7
5.0
4.5
2000-10
2011
2012F
2013F
Avg.
Canada
U.S.
Scotiabank
2.2
2.5
2.1
2.2
1.8
1.7
2.3
2.4
Source: Scotia Economics, as of May 4, 2012.View entire presentation