Scotiabank has reported total revenue of $3.77 billion for the third quarter ended July 31, 2009, as compared to $3.37 billion for the same period in 2008.
The bank has reported a net income of $931m, or diluted earnings per share of $0.87, for the third quarter ended July 31, 2009, as compared to $1.01 billion, or diluted earnings per share of $0.98, for the same period in 2008.
For the nine months ended July 31, 2009, the bank has reported a total revenue of $10.72 billion, compared to total revenues of $9.38 billion for the same period in 2008. Net income of the company was $2.64 billion, as compared to $2.82 million for the same period in 2008.
Rick Waugh, president and CEO of Scotiabank, said: Record quarters from Canadian Banking and Scotia Capital and a solid contribution from International Banking have allowed Scotiabank to continue to deliver strong core earnings through challenging conditions. Provisions for credit losses, including an increase in the general allowance, are within our expectations and risk appetite, and we are continuing to prudently manage our loan portfolios across geographies and industries.
