Ms. Wendy Hannam at the Foreign Affairs and International Development Committee

On March 12th, 2012. See this statement in context.

March 12th, 2012 / 4 p.m.

Executive Vice-President, Sales and Service, Products and Marketing, International Banking, Scotiabank

The segmentation for us is loans under $2,000 and revenues under $100,000 Canadian.

Practically, what it means is it's a way for very unsophisticated business owners to provide for their families. As I mentioned, they don't have financial statements in almost all cases. When you move up into small business, you start to get a little more sophistication, a little more reporting.

See context to find out what was said next.