Overseas push amps Scotiabank credit risk
Loan-loss provisions for the international unit made up 69% of the bank's total in 2018
Canadian lender Scotiabank has seen cash roll in from its expanded international operations, but is now also more vulnerable to an upset in external credit markets.
At end-January, 42% of Scotiabank’s total risk-weighted assets (RWAs), equivalent to C$171.6 billion ($130.3 billion), were attributable to its international banking division, up from 36%, or C$135.7 billion, the year-ago quarter.
Of the end-January total for the international unit, C$152.7 billion were credit RWAs, up from C$119
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