Investor Presentaiton

Scotiabank in Colombia Footprint Market Position by Loans4 Customers Employees Branches1 26.0% 3.1 million ~9,000 188 Balance and Market Position Loan Market Share4 Average Loans Average Deposits 6.0% $12 $10 15.9% 12.1% 10.2% 6.0% 6.0% 4.4% billion billion Financial Total NIAT² ROE2,3 Performance Productivity² BBVA $256/$139 Bancolombia Davivienda Bogotá 5 BBVA 9.0% 55% Scotiabank Colpatria Occidente Corpbanca (Pre-NCI / Post-NCI) million NIAT6 Productivity Ratio Operating Leverage 73 38 2016 All figures in CAD$ Constant currency 1 As of November 2019 2 Adjusted; WY 2019 3 WY 2019 including goodwill 4 Market share as of October 2019 +53% CAGR 54.5% 139 53.4% 52.6% 50.3% 85 1.6% 2017 2018 2019 -1.8% -2.4% -6.4% 2016 2017 2018 2019 2016 2017 2018 2019 Q3 YTD 5 Members of AVAL Group: Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas. AVAL is 2nd in market share in terms of Loans (25%) and 1st in Deposits (27%) 6 After NCI on an adjusted basis 41

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