Scotiabank Canadian Legislative Covered Bonds Presentation

Pacific Alliance Details Mexico Peru Chile Colombia Total/Average (6) Annual GDP Growth (1) 2016A 2017F 2.3% 2.0% 2016A 2017F 3.9% 2.5% 2016A 2017F 1.6% 1.8% 2016A 2017F 2.0% 2.0% 2016A 2017F 2.45% 2.1% Banking Penetration (2) 50% 32% 74% 46% 51% (Loans / GDP) Domestic Credit / GDP (3) 54% 28% 124% 53% 65% Current Account / GDP (4) -2.9% -3.1% -2.5% -5.5% -3.5% Market Share and Rank (5) (Total Loans) 5.7% #7 17.2% #3 6.2% #7 5.1% #7 8.6% #6 Country Credit Rating (4) BBB+ BBB+ AA- BBB- BBB+ (S&P) Population (4) 128.6M 32.4M 18.2M 48.8M 228M Median Age 27 27 33 29 29 (1) Scotia Economics, as of May 3 2017 (2) As of Q4/14 as per Scotiabank (3) As of 2015 (4) As of Q3/16 as per Scotiabank (5) As of September 2016 as per Scotiabank (6) Reflects un-weighted average 45 Scotiabank®

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