Scotiabank’s results, and average assets and liabilities, allocated by these operating segments, are as follows:

For the three months ended January 31, 2019

Taxable equivalent basis ($ millions)

Canadian
Banking

International
Banking

Global
Banking and
Markets

Other⁽¹⁾

Total

Net interest income⁽²⁾

2,036

2,080

372

(214

)

4,274

Non-interest income⁽³⁾⁽⁴⁾

1,379

1,251

703

)

3,330

Total revenues

3,415

3,331

1,075

(217

)

7,604

Provision for credit losses

233

470

(16

)

688

Non-interest expenses

1,730

1,742

645

4,171

Provision for income taxes

379

226

111

(218

)

498

Net income

1,073

893

335

(54

)

2,247

Net income attributable to non-controlling interests in subsidiaries

–

111

–

111

Net income attributable to equity holders of the Bank

1,073

782

335

(54

)

2,136

Average assets ($ billions)

356

197

364

116

1,033

Average liabilities ($ billions)

274

154

297

239

964

(1)

Includes all other smaller operating segments and corporate adjustments, such as the elimination of the tax-exempt income gross-up reported in net interest income and non-interest income and provision for income taxes of $34 to arrive at the amounts reported in the Consolidated Statement of Income and differences in the actual amount of costs incurred and charged to the operating segments.

(2)

Interest income is reported net of interest expense as management relies primarily on net interest income as a performance measure.

(3)

Card revenues, Banking services fees, and Investment management and trust fees are mainly earned in Canadian and International Banking. Mutual fund and Brokerage fees are primarily earned in Canadian Banking with the remainder being earned in International Banking. Underwriting and other advisory fees are predominantly earned in Global Banking and Markets.

(4)

Includes income (on a taxable equivalent basis) from investments in associated corporations for Canadian Banking – $13; International Banking – $161 and Other – $(45).


	For the three months ended October 31, 2018
Taxable equivalent basis ($ millions)	Canadian Banking		International Banking		Global Banking and Markets			Other⁽¹⁾			Total
Net interest income⁽²⁾	$	2,029	$	2,030	$	337		$	(176	)	$	4,220
Non-interest income⁽³⁾		1,414		1,104		736			(26	)		3,228
Total revenues		3,443		3,134		1,073			(202	)		7,448
Provision for credit losses		198		412		(20	)		–			590
Non-interest expenses		1,747		1,721		553			43			4,064
Provision for income taxes		383		197		124			(181	)		523
Net income	$	1,115	$	804	$	416		$	(64	)	$	2,271
Net income attributable to non-controlling interests in subsidiaries	$	–	$	92	$	–		$	–		$	92
Net income attributable to equity holders of the Bank	$	1,115	$	712	$	416		$	(64	)	$	2,179
Average assets ($ billions)	$	349	$	193	$	318		$	111		$	971
Average liabilities ($ billions)	$	263	$	153	$	259		$	229		$	904

(1)

Includes all other smaller operating segments and corporate adjustments, such as the elimination of the tax-exempt income gross-up reported in net interest income and non-interest income and provision for income taxes of $31 to arrive at the amounts reported in the Consolidated Statement of Income and differences in the actual amount of costs incurred and charged to the operating segments.

(2)

Interest income is reported net of interest expense as management relies primarily on net interest income as a performance measure.

(3)

Includes income (on a taxable equivalent basis) from investments in associated corporations for Canadian Banking – $23; International Banking – $201 and Other – $(55).


	For the three months ended January 31, 2018
Taxable equivalent basis ($ millions)	Canadian Banking		International Banking		Global Banking and Markets			Other⁽¹⁾			Total
Net interest income⁽²⁾	$	1,939	$	1,707	$	390		$	(100	)	$	3,936
Non-interest income⁽³⁾		1,364		997		800			(9	)		3,152
Total revenues		3,303		2,704		1,190			(109	)		7,088
Provision for credit losses		210		344		(9	)		(1	)		544
Non-interest expenses		1,605		1,442		572			(121	)		3,498
Provision for income taxes		386		193		173			(43	)		709
Net income	$	1,102	$	725	$	454		$	56		$	2,337
Net income attributable to non-controlling interests in subsidiaries	$	–	$	58	$	–		$	–		$	58
Net income attributable to equity holders of the Bank	$	1,102	$	667	$	454		$	56		$	2,279
Average assets ($ billions)	$	335	$	153	$	334		$	112		$	934
Average liabilities ($ billions)	$	248	$	117	$	274		$	234		$	873

(1)

Includes all other smaller operating segments and corporate adjustments, such as the elimination of the tax-exempt income gross-up reported in net interest income and non-interest income and provision for income taxes of $26 to arrive at the amounts reported in the Consolidated Statement of Income and differences in the actual amount of costs incurred and charged to the operating segments.

(2)

Interest income is reported net of interest expense as management relies primarily on net interest income as a performance measure.

(3)

Includes income (on a taxable equivalent basis) from investments in associated corporations for Canadian Banking – $15; International Banking – $133 and Other – $(38).