Company Profile For National Bank of Canada

National Bank of Canada (the Bank) operates in three business segments: Personal and Commercial, Wealth Management and Financial Markets. The Bank’s Personal and Commercial segment comprises the branch network, intermediary services, credit cards, insurance, business banking services and real estate. The Wealth Management segment comprises full-service retail brokerage, direct brokerage, mutual funds, trust services and portfolio management. The Financial Markets segment encompasses corporate financing and lending, treasury operations, including asset and liability management for the Bank, and corporate brokerage. During the fiscal year ended October 31, 2008, the Bank completed the acquisition of four investment management firms. On August 25, 2008, the Bank, through one of its wholly owned subsidiaries, concluded the sale of a controlling interest in Asset Management Finance Corporation to Credit Suisse Group A G.

BRIEF: For the nine months ended 31 July 2009, National Bank of Canada's interest income fell 22% to C$2.55B. Net interest income after LLP fell 10% to C$1.25B. Net income appl. to Common fell 17% to C$569M. Net interest income reflects a decrease in the interest received on loans and an increase in provision for credit losses. Net income also reflects an increase in the salaries & staff benefits, higher other expenses and an increase in occupancy expense.