Covered Bond Program Overview

Reported Q2/21 Q1/22 Canadian Credit Cards 5.8% 5.7% Allowance for credit losses down YoY and QoQ Allowance coverages were down YoY and QoQ Lower allowance coverage in Q2/22 largely driven by portfolio growth Current allowance coverage remains higher than the pre pandemic level Q2/22 4.9% • Canadian Residential Mortgages 0.07% 0.05% 0.06% Canadian Personal Lending 1.6% 1.8% 1.8% Canadian Small Business 2.5% 1.8% 2.2% Canadian Commercial Banking 0.8% 0.5% 0.4% U.S. Commercial Banking 1.2% 0.9% 0.8% Capital Markets¹ 1.0% 0.4% 0.2% CIBC FirstCaribbean (FCIB) 5.0% 4.8% 4.4% Total 0.77% 0.61% 0.58% Total Allowance Coverage Ratio² Performing and Impaired Allowance Coverage Ratios 42% 39% 0.77% 38% 0.61% 0.58% 3,338 2,958 0.56% 0.45% 0.45% 2,955 Q2/22 Allowance Coverage Ratio Q2/21 Impaired ACL to GIL² Q1/22 Q2/22 Performing ACL to Performing Loans² 1 Capital Markets excludes allowance for credit losses related to Simplii Financial which is included in the respective Canadian retail products. 2 Allowance for credit losses on performing loans as a % of the gross carrying amount of performing loans. The gross carrying amount of performing loans include certain loans that are measured at FVTPL. Gross impaired loans as a % of the gross carrying amount of loans. The gross carrying amount of loans include certain loans that are measured at FVTPL. Net write-offs as a % of average loan balances. Q2/21 Q1/22 Allowance for Credit Losses ($MM) CIBC 24 24

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