Scotiabank Mexico Announces First Quarter Results



    TORONTO, April 27 /CNW/ - Scotiabank Mexico today announced first quarter
financial results, with consolidated net income of Cdn$113 million
(P$1,084 million).
    These results are adjusted to a Canadian GAAP basis prior to their
inclusion in Scotiabank's second quarter 2007 financial results. Scotiabank
estimates Scotiabank Mexico's first quarter earnings to translate into second
quarter net income of approximately Cdn$114 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 $396 billion in assets (as at January 31, 2007), Scotiabank trades on the
Toronto (BNS) and New York Exchanges (BNS). For more information please visit
www.scotiabank.com.





For further information:

For further information: Joe Konecny at (416) 933-1795 or at
joe_konecny@scotiacapital.com.


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