Bank of Nova Scotia (TSX:BNS.PR.Z.PFD) Credit Losses Provision : C$3,746.00 Mil (As of Jan. 2024)

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What is Bank of Nova Scotia Credit Losses Provision?

Bank of Nova Scotia's credit losses provision for the three months ended in Jan. 2024 was C$962.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jan. 2024 was C$3,746.00 Mil.

Bank of Nova Scotia's quarterly credit losses provision increased from Jul. 2023 (C$819.00 Mil) to Oct. 2023 (C$1,256.00 Mil) but then declined from Oct. 2023 (C$1,256.00 Mil) to Jan. 2024 (C$962.00 Mil).

Bank of Nova Scotia's annual credit losses provision declined from Oct. 2021 (C$1,808.00 Mil) to Oct. 2022 (C$1,382.00 Mil) but then increased from Oct. 2022 (C$1,382.00 Mil) to Oct. 2023 (C$3,422.00 Mil).

Bank of Nova Scotia Credit Losses Provision Historical Data

The historical data trend for Bank of Nova Scotia's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bank of Nova Scotia Credit Losses Provision Chart

Bank of Nova Scotia Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Credit Losses Provision

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3,027.00

6,084.00

1,808.00

1,382.00

3,422.00

Bank of Nova Scotia Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Credit Losses Provision	Get a 7-Day Free Trial															638.00	709.00	819.00	1,256.00	962.00

Bank of Nova Scotia Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$3,746.00 Mil.

Bank of Nova Scotia (TSX:BNS.PR.Z.PFD) Business Description

Industry

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Traded in Other Exchanges

BNSPF.PFD:USA BNS:USA BNS:Mexico BKN:Germany BNS.PR.I.PFD:Canada BNS:Canada

Address

1709 Hollis Street, Scotia Plaza, 8th floor, Halifax, NS, CAN, B3J 1W1

Website

https://www.scotiabank.com

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America.

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