FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT

APPENDIX 15 | COMMERCIAL REAL ESTATE PORTFOLIO (As at October 31, 2021) Total CRE Portfolio $14.4B (7.8% of total loans) Commercial Banking share $12.8B (7.0% of total loans) Corporate Banking 11% Commercial Banking Industrial 89% 5% Office 12% Other 21% Retail 15% Total CRE Portfolio of $14.4B ☐ Corporate Banking accounts for 11% of portfolio, primarily public REITs, well diversified across sectors Commercial Banking accounts for 89% of portfolio Drill down on Commercial Banking CRE: Residential 47% Geographic Distribution (Commercial Banking CRE) 64% 15% 8% 8% 5% QC ON BC Other Provinces AB Residential (3.3% of total loans – up $0.3B) ◉ - Insured loans accounted for all growth QoQ Insured portfolio now represents 50% - ◉ LTV on uninsured ~61% Retail (1.1% of total loans – down $0.2B) ■ - Share of portfolio reduced by 6% YoY ☐ Portfolio LTV -59% ☐ ~50% of leases with essential services tenants Office (0.8% of total loans – stable) ☐ Share of portfolio reduced by 2% YoY Portfolio LTV -59% Long term leases (over 6 years) 32

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