Scotiabank Trinidad and Tobago Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2016. For the quarter, total revenue was $408,514,000 against $377,758,000 last year. Income before taxation and loan losses was $237,838,000 against $225,523,000 last year. Income before taxation was $214,244,000 against $220,996,000 last year. Income after taxation was $159,136,000 against $157,211,000 last year. Earnings per share were 90.2 cents against 89.2 cents last year. The increase in income is attributable to higher net interest income which increased by $128 million (18%) over last year mainly due to strong retail loan growth. For the nine months, total revenue was $1,195,547,000 against $1,079,988,000 last year. Income before taxation and loan losses was $683,815,000 against $599,262,000 last year. Income before taxation was $630,042,000 against $569,503,000 last year. Income after taxation was $466,827,000 against $416,763,000 last year. Earnings per share were 264.7 cents against 236.3 cents last year. Net cash from operating activities was $1,512,780,000 against $636,631,000 last year. Purchase of property, plant and equipment was $8,419,000 against $12,389,000 last year. Return on equity was 16.63% against 15.51% last year. Return on assets was 2.74% against 2.62% last year. The increase in net interest income was driven by growth in loan volumes of 3%, complemented by lower interest costs this year due to the early repayment of a $618 million medium term bond during the second quarter of last year.