Investor Presentaiton

Scotiabank in Colombia Business Overview1 Customers² ~2.8MM Employees² Corporate/ ~6,000 Commercial Residential Mortgages 26.7% 18% Branches² 132 Average Loans $11Bn 50% Loans $11.5Bn 18% Personal Loans Average Deposits $10Bn Total NIAT $63MM 14% Credit Cards (after NCI)³ ROE3,4 4.7% Retail 37% 63% Loans Productivity3,4 Secured 65.4% Unsecured 587 470 PTPP1,7 -6% CAGR Market Position by Loans 5,6 16.5% 11.8% 10.4% 6.1% 5.4% 4.1% ⚫ BBVA 1 Bancolombia Davivienda Bogotá BBVA Occidente Scotiabank Colpatria Popular Productivity Ratio4 418 393 56.7% 54.6% 2019 2020 2021 2018 All figures including Wealth Management 1 On a constant dollar basis 2Including subsidiaries 3LTM Q1/22 Operating Leverage4 64.5% 63.5% -3.1% -4.7% -10.6% 1.3% 2018 2019 2020 2021 2018 2019 2020 2021 4 Refer to page 48 of the Management's Discussion & Analysis in the Bank's First Quarter 2022 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 5 Market share as of November 2021 6 Members of AVAL Group: Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas 7 Pre-Tax, Pre-Provision Profit defined as revenues less expenses 32 32

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