Investor Presentaiton

International Banking - Commercial Loan Growth +4% 55.3 55.9 54.5 53.1 53.3 53.4 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 (1) In $ billions and reflects foreign exchange translation at Q2/17 foreign exchange rates 22 22 • Highlights Quarter-over-quarter commercial loan growth recovered +4% and momentum is expected to continue in the second half of 2017. Year-over-year loan growth was impacted by strong volumes in the first half of 2016, and growth is expected to be positive for the second half of 2017. Scotiabank®

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