Canadian Personal Banking Digital Transformation

Provision for credit losses lower in both impaired and performing loans Reported & Adjusted¹ ($MM) Q3/19 Q2/20 Q3/20 Cdn. Personal & Business Banking 204 654 220 Provision for Credit Losses up YoY & down QoQ Provisions were lower in Q3/20 after raising the performing reserve in Q2/20, but were still higher than the Q3/19 level Impaired 197 208 151 • Performing 7 446 69 Performing provisions were down QoQ in all business lines Cdn. Commercial Banking & Wealth 17 186 57 Impaired provisions were up in U.S. Commercial Banking and Capital Markets, more than offset by lower provisions in Canadian P&BB and Canadian Commercial Impaired 15 62 45 Performing 2 124 12 Provision for Credit Losses Ratio U.S. Commercial Banking & Wealth 29 230 160 1.39% Impaired 38 20 42 0.29% 0.50% Performing (9) 210 118 0.27% 0.34% 0.29% Capital Markets 42 222 61 Impaired 18 36 56 Performing 24 186 5 1,069 Corporate & Other (1) 120 27 Impaired 17 6 225 Performing (5) 103 21 19 272 343 300 Total PCL Impaired Performing 291 1,412 525 272 343 300 Q3/19 Q2/20 Q3/20 19 1,069 225 PCL on Impaired PCL Rate on Impaired PCL on Performing Total PCL Rate CIBC 1 Adjusted results are non-GAAP financial measures. See slide 36 for further details. 15

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