Jill Shea's questions to BANK OF NOVA SCOTIA (BNS) leadership • Q3 2025
Question
Jill Shea of UBS Group inquired about the forward-looking outlook for the net interest margin (NIM) in both the Canadian Banking and International Banking segments.
Answer
CFO Raj Viswanathan stated that the Canadian Banking NIM should see small, sequential improvements, absent any central bank rate cuts. For International Banking, he noted the Q3 result was boosted by opportunistic trades and reiterated a sustainable NIM expectation of 4.45% to 4.50%, with a focus on core deposit growth for future improvement.