Scotiabank reports volatile loan-loss provisions

Scotiabank put aside an additional C$31 million ($23.8 million) in loan-loss provisions against impaired loans in the second quarter, as it grappled with deteriorating assets in its international banking division. 

Provisions for credit losses (PCLs) for soured loans, known as stage 3 assets under accounting standard IFRS 9, increased from C$564 million to C$595 million in the three months to April 30. 

PCLs for commercial loans within the international banking division drove the increase

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: