TORONTO, Feb. 28 /CNW/ - Scotiabank Mexico today announced fourth quarter
financial results, with consolidated net income of Cdn$101 million
(P$956 million).
    These results are adjusted to a Canadian GAAP basis prior to their
inclusion in Scotiabank's first quarter 2007 financial results. Scotiabank
estimates Scotiabank Mexico's fourth quarter earnings to translate into first
quarter net income of $141 million on a Canadian GAAP basis.
    Scotiabank Mexico's media release announcing the results can be found at
http://www.scotiabank.com.mx/Quienes/Info_coporativa/estados_financieros/.

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With close to 57,000 employees, Scotiabank
Group and its affiliates serve approximately 12 million customers in some 50
countries around the world. Scotiabank offers a diverse range of products and
services including personal, commercial, corporate and investment banking.
With $379 billion in assets (as at October 31, 2006), Scotiabank trades on the
Toronto (BNS) and New York Exchanges (BNS). For more information please visit
www.scotiabank.com.