For the first quarter of 2011, the return on equity was 18.7%, compared to 17.4% for the corresponding quarter of last year.
Net interest income (on a taxable equivalent basis) was C$2.37bn for the first quarter of 2011, compared to C$2.22bn for the same quarter of last year.
Total revenue was C$4.19bn for the first quarter of 2011, compared to C$3.98bn for the same quarter of 2010.
Scotiabank president and CEO Rick Waugh said that the record performance in the first quarter of the year was the result of strong contributions across all of the business lines.
"This quarter marks a milestone for our bank with the establishment of a new business line, Global Wealth Management. Our results reflect the contributions of four growth platforms and we have realigned reporting accordingly," Waugh said.
