PCL Ratios and Provision for Credit Losses Review

STABLE CORE BANKING MARGIN 2.46% 2.46% 2.47% 2.44% 2.46% Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 YEAR-OVER-YEAR HIGHLIGHTS Higher margins in Canadian Banking (impact of interest rate increases by the Bank of Canada), as well as in Global Banking and Markets Lower margins in International Banking and higher volumes of low margin Treasury assets Scotiabank® | 21

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