Investor Presentaiton

Scotiabank in Colombia Footprint Customers¹ Employees Branches1 26.0% ~2.3 million 9,218 215 Balance and Market Position Loan Market Share Average Average Loans Deposits 6.0% $12 $10 billion billion Market Position by Loans 15.9% 12.1% 10.2% 6.0% 6.0% 4.4% Financial Total NIAT² ROE3 Performance Productivity2 BBVA $256/$139 Bancolombia Davivienda Bogotá4 BBVA 8.4% 55% (Pre-NCI/Post-NCI) million NIAT5 73 38 2016 All figures in CAD$ Constant currency +53% CAGR Productivity Ratio Occidente 4 Scotiabank Corpbanca Colpatria Operating Leverage 54.5% 139 53.4% 52.6% 50.3% 85 1.6% 2017 2018 2019 1 Excludes affiliates & consumer microfinance -1.8% -2.4% -6.4% 2016 2017 2018 2019 2016 2017 2018 2019 Q3 YTD 2 WY 2019 3 WY 2019 including goodwill 4 Members of AVAL Group: Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas. AVAL is 2nd in market share in terms of Loans (24.8%) and 1st in Deposits (26.5%) 5 After NCI on an adjusted basis 37

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