2016 Year-End Financial Results

Canadian Banking - Revenue & Volume Growth Revenues (TEB) ($ millions) +8% Average Loans & Acceptances ($ billions) +3%1 Y/Y 39 42 42 Y/Y 70 74 75 10 6 .7 3,043 3,112 2,872 178 180 183 808 813 788 Q4/15 Q3/16 Q4/16 504 521 473 Business ■Tangerine mortgage run-off ■ Personal & credit cards Residential mortgages Average Deposits ($ billions) 1,611 1,731 1,778 +6% Y/Y Q4/15 Q3/16 Q4/16 62 66 68 154 158 160 ■Retail ■Commercial Wealth Q3/16 Q4/16 ■Personal Non-personal Scotiabank® Q4/15 (1) Excluding Tangerine run-off portfolio, loans & acceptances increased 4% year over year 20

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