Covered Bond Program Overview

Credit Review Provision For Credit Losses (PCL) 1.00% 1500 ($MM) Items IPCL Loan loss ratio 1300 Q2/21 Q1/22 Q2/22 Reported Reported Reported of Note¹ Q2/22 Adjusted² 1100 0.75% Cdn. Personal & Business 65 98 273 94 179 900 Banking 700 Impaired 206 99 141 141 0.50% 500 Performing (141) (1) 132 == 94 38 300 Cdn. Commercial Banking & (18) (4) (4) (4) Wealth 0.25% 100 Q2/13 04/13 Q2/14 Q4/14 Q2/15 Q4/15 02/16 Q4/16 Q2/17 Q4/17 Q2/18 Q4/18 Q2/19 Q4/19 Q2/20 Q4/20 02/21 Q4/21 Q2/22 -100 Impaired (8) (1) Performing (10) (3) (4) 0.00% -300 U.S. Commercial Banking & (12) 28 55 I (4) 55 Wealth Fiscal Quarter Impaired 23 30 34 90+ Days Delinquency Rates³ Q2/21 Q1/22 Q2/22 Performing (35) (2) 21 I Capital Markets (11) (38) (14) Canadian Residential Mortgages 0.25% 0.17% 0.14% Impaired 8 (13) 2 34 21 (14) 2 Uninsured 0.23% 0.13% 0.10% Performing (19) (25) (16) (16) Corporate & Other 8 (9) (7) (7) Insured 0.35% 0.31% 0.28% Impaired 17 11 19 19 Canadian Credit Cards 0.69% 0.68% 0.62% Performing (9) (20) (26) (26) Total PCL 32 75 303 94 209 Personal Lending 0.32% 0.27% 0.30% Impaired 246 126 196 196 Total 0.29% 0.20% 0.19% Performing (214) (51) 107 94 13 1. For Canadian Costco credit card acquisition. Items of note are removed from reported results to calculate adjusted results. 2. Adjusted results are non-GAAP financial measures. 3. 90+ days delinquencies as a % of the gross carrying amount of loans. 222 22

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