Diluted earnings per share stood at $1.37, compared to $1.69 during the same period earlier financial year.

Scotiabank CEO Rick Waugh said that the bank performed well backed by strong earnings growth in Canadian banking and global wealth management businesses, as well as contributions by international banking and global banking and markets.

For the third quarter ended on 31 July 2013, its total revenue on a taxable equivalent basis stood at C$5.6bn, against C$5.58bn during the corresponding period a year ago.

Canadian banking reported record net income attributable to equity holders of C$590m, up by 13% from the same period last year, driven by the acquisition of ING Bank of Canada, strong asset and deposit growth, among others.

International banking posted net income attributable to equity holders of C$494m, an increase of 26% compared to the year ago quarter.

Global wealth management net income attributable to equity holders increased by 18% to C$327m from the same quarter earlier year.

Global banking and markets net income attributable to equity holders was $386m, with a fall of C$11m or 3%, due to ongoing market driven challenges in the capital markets businesses compared to last year.

The other segment including includes group treasury, smaller operating segments and other corporate items, posted a net loss attributable to equity holders of C$94m, compared to a net income of C$414m last year.