PCL Ratios and Provision for Credit Losses Review

Q3 2018 CANADIAN RESIDENTIAL MORTGAGES Credit fundamentals remain strong NEW ORIGINATIONS UNINSURED LTV DISTRIBUTION Q3/17 Q2/18 Q3/18 Canada Total Originations ($B) 15.3 8.9 11.9 GVA 60% Uninsured LTV 64% 63% 63% GTA 62% GTA BC & Territories Total Originations ($B) Uninsured LTV 4.9 2.8 3.6 62% 62% 62% 61% GVA Atlantic Prairies 68% ON QC Provinces 63% 65% 69% Total Originations ($B) Uninsured LTV 2.1 1.2 1.4 62% 59% 60% FICO® DISTRIBUTION - CANADIAN UNINSURED PORTFOLIO Average FICO Score Canada 787 GTA 789 GVA 790 16% 12% 12% 4% 56% < 635 636 - 706 707-747 748-788 > 788 FICO is a registered trademark of Fair Isaac Corporation • <0.70% of uninsured portfolio has a FICO® score of <620 and an LTV >65% Canadian uninsured mortgage portfolio is $117 billion as at Q3/2018 Scotiabank® | 15

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