Quarterly Financial Performance

Back to Table of Contents Allowance for Credit Losses & Other Reserves 2023 2022 2021 Full Year ($ millions) Impaired Loans - Stage 3 Balance beginning of period Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2022 2021 1,751 1,654 1,635 1,557 1,604 1,623 1,655 1,759 1,938 1,655 1,957 Provision for credit losses (1) 738 621 562 494 389 406 405 511 841 1,694 3,306 Write-offs (800) (696) (676) (578) (577) (550) (593) (706) (1,144) (2,298) (3,901) Recoveries Balance end of period Performing Loans - Stage 1 and 2 Balance beginning of period Provision for credit losses (1) (2) Balance end of period 144 144 113 116 192 128 136 146 161 572 543 Foreign currency adjustment and other (13) 28 20 46 (51) (3) 20 (55) (37) 12 (250) 1,820 1,751 1,654 1,635 1,557 1,604 1,623 1,655 1,759 1,635 1,655 3,985 3,859 3,713 3,590 3,690 3,869 3,971 4,320 4,778 3,971 5,682 87 88 76 35 23 (187) (183) (343) (461) (312) (1,498) Foreign currency adjustment and other 1 38 70 88 (123) 8 81 (6) 3 54 (213) 4,073 3,985 3,859 3,713 3,590 3,690 3,869 3,971 4,320 3,713 3,971 Allowance for credit losses on loans 5,893 5,736 5,513 5,348 5,147 5,294 5,492 5,626 6,079 5,348 5,626 Allowance for credit losses on off-balance sheet exposures 133 129 100 108 109 49 55 65 87 108 65 Allowance for Credit Losses on acceptances and other financial assets (3) 68 66 55 43 39 32 36 40 66 43 40 Total allowance for credit losses 6,094 5,931 5,668 5,499 5,295 5,375 5,583 5,731 6,232 5,499 5,731 Allowance for Credit Losses by Business Segment Canadian Banking 2,006 1,933 1,916 1,888 1,880 1,918 2,075 2,255 2,476 1,888 2,255 Retail Commercial (4) International Banking Retail Caribbean & Central America Mexico Peru 1,590 1,551 1,547 1,528 1,532 1,595 1,723 1,863 2,009 1,528 1,863 416 382 369 360 348 323 352 392 467 360 392 3,806 3,718 3,528 3,392 3,209 3,268 3,271 3,219 3,446 3,392 3,219 2,872 2,817 2,681 2,575 2,459 2,505 2,514 2,477 2,672 2,575 2,477 472 508 512 547 511 506 507 524 557 547 524 651 633 595 576 523 507 494 474 526 576 474 662 665 640 631 596 589 574 538 584 631 538 Chile 637 630 579 490 474 522 563 541 571 490 541 Colombia 352 292 264 247 277 298 299 319 346 247 319 Other(5) 98 89 91 84 78 83 77 81 88 84 81 Commercial (6) Caribbean & Central America Mexico Peru 934 901 847 817 750 763 757 742 774 817 742 86 90 84 83 81 74 71 74 84 83 74 251 219 206 221 190 218 209 208 202 221 208 226 246 233 221 210 209 201 190 194 221 190 Chile 227 221 205 176 156 149 157 146 160 176 146 Colombia 68 58 53 53 54 57 52 58 74 53 58 Other(7) 76 67 66 63 59 56 67 66 60 63 66 Global Wealth Management 28 27 25 24 23 20 20 23 22 24 23 Global Banking and Markets 248 247 193 191 178 169 217 234 288 191 234 Other 6 6 6 4 5 4 Total allowance for credit losses by business segment 6,094 5,931 5,668 5,499 5,295 5,375 5,583 5,731 6,232 5,499 5,731 Allowance for Credit Losses on Loans by Type of Borrower Impaired Loans - Stage 3 1,820 1,751 1,654 1,635 1,557 1,604 1,623 1,655 1,759 1,635 1,655 Residential mortgages 483 455 428 406 375 393 395 374 403 406 374 Personal loans 632 608 563 551 559 566 574 626 715 551 626 Credit cards Business and government 705 688 663 678 623 645 654 655 641 678 655 Performing Loans - Stage 1 and 2 Residential mortgages 4,073 3,985 3,859 3,713 3,590 3,690 3,869 3,971 4,320 3,713 3,971 526 526 510 493 468 441 440 428 435 493 428 Personal loans Credit cards Business and government 1,659 1,659 1,641 1,586 1,554 1,605 1,675 1,715 1,835 1,586 1,715 1,176 1,135 1,100 1,083 1,049 1,107 1,165 1,211 1,306 1,083 1,211 712 665 608 551 519 537 589 617 744 551 617 5,893 5,736 5,513 5,348 5,147 5,294 5,492 5,626 6,079 5,348 5,626 Allowance for Credit Losses on Loans (1) Includes provision for credit losses on all financial assets. (2) Q3 2023 excludes amounts associated with other assets of $(6) million. The Provision for credit losses, net of these amounts is $81 million. (3) Other financial assets include debt securities, deposits with financial institutions, accrued interest and reverse repos. (4) Includes small business. (5) Includes Uruguay. (6) Includes small business and corporate. (7) Includes Brazil and Uruguay. Scotiabank Supplementary Financial Information (SFI) 21

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