International Banking - Annual Overview

PACIFIC ALLIANCE OVERVIEW Attractive growth opportunity for the Bank ⚫ With 230 million people, an average age of 29, growing middle-class, a large portion of the population that is underbanked, and a stable banking environment 38% Mexico 。 5th largest bank¹ in Mexico; strong positions in mortgages and auto 。 Business confidence is strong o Investing heavily in education 。 Strong and diversified manufacturing industry Peru o 3rd largest bank¹ in Peru 。 Strong franchise, building great momentum 。 Universal bank with strong presence across all segments Chile 6th largest bank1 in Chile 。 Most developed country in Latin America o A leader in corporate lending and capital markets Colombia 。 Growing presence with acquisition of Colpatria 。 Most educated population within Latin America 。 Very strong in retail and credit cards 1 In terms of loans. 2 For the twelve months ended October 31, 2017 Peru 30% Mexico 32% Mexico 13% Colombia 23% Chile EARNINGS BY COUNTRY2 AVERAGE ASSETS BY COUNTRY2 9% Colombia 28% Peru -27% Chile Scotiabank® | 27

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