International Banking and Canadian Economic Insights

Increasing Scale, Improving Focus, Lowering Risk¹ Gaining scale in key markets to drive earnings growth, improve earnings quality and reduce risk Reducing Risk Profile Gaining Market Share (Total Loans) 54 countries 33 countries 2013 2019 Exited 21 countries since 2013 with either small scale, higher operational risk, or low returns, including: • Middle East: Turkey, Egypt, UAE • Asia: Thailand, Vietnam, Taiwan Canada Mexico Chile Peru Colombia 0 2 4 6 8 10 12 14 16 18 20% • Central America: Guatemala, El Salvador Caribbean: Haiti, Puerto Rico, USVI, and 9 of the Leeward • Islands Europe: Russia, France Capital has been mainly redeployed into Canada and the Pacific Alliance countries and through share buyback program Exited 11 non-core businesses including: Pension benefits and administration businesses (Dominican Republic, Colombia) and lease finance (Canada) Reduced wholesale funding (% of assets) from >29% in 2014 to 23% today Improving Earnings Quality $ Increased Wealth Management assets under management by 44% to $297B Targeting Wealth Management earnings contribution to All- Bank earnings of 15% over the medium-term Establishing Global Wealth Management as a standalone reporting division in Q1/20 15-year period 2014-2019; 2 Q4 2017 to Q3 2019 Q3/14 Q3/19 Scotiabank. 11

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