PCL Ratios and Provision for Credit Losses Review

NET WRITE-OFFS Lower net write-off ratio from stable economic performance • Canadian Banking benefited from a net recovery . International Banking experienced lower retail write-offs 1 Annualized (As a % of Average Net Loans & Acceptances) 1, 2 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Canadian Banking 0.32% 0.29% 0.25% 0.26% 0.23% International Banking 1.43% 1.16% 1.38% 1.26% 1.14% Global Banking and Markets 0.18% 0.04% 0.05% 0.08% 2 Net write-offs are net of recoveries All Bank 0.54% 0.44% 0.46% 0.45% 0.39% Scotiabank® | 17

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