Investor Presentaiton

GILs and Net Write-Offs GILS¹ ($MM) AND GILS RATIO1, 2 84 bps 81 bps 81 bps 77 bps 78 bps 5,135 10 5,120 27 -237 1,087 4,770 1,106 31 -285 5,148 26 209 26 218 1,222 1,209 5,053 1,049 302 3,801 3,419 3,582 3,704 3,676 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 YEAR-OVER-YEAR HIGHLIGHTS GILS decreased 2% Q/Q and Y/Y. Lower new formations in retail due to deferrals have been offset by higher new formations in business banking GIL ratio was flat Q/Q, and down 3 bps Y/Y, primarily in International Banking NET WRITE-OFFS ($MM)², 3 AND NET WRITE-OFFS RATIO2, 3, 4 54 bps 49 bps 47 bps 47 bps 41 bps 827 749 27 732 750 1 8 13 33 632 256 26 260 265 266 227 • YEAR-OVER-YEAR HIGHLIGHTS Net write-offs³ decreased 16% Q/Q and Y/Y Higher write-offs in Global Banking and Markets were offset by lower write-offs in Canadian Banking and International Banking Net write-off ratio decreased 6 bps Q/Q and 8 bps Y/Y 544 481 454 450 379 Q4/19 International Banking Q1/20 Q2/20 Q3/20 Q4/20 Canadian Banking Global Banking and Markets Global Wealth Management 1 As a percentage of period end loans and acceptances 2 Prior to Q1/20, amounts for Global Wealth Management Retail were included in Canadian Banking Retail 3 Net write-offs are net of recoveries 4 As a percentage of average net loans and acceptances 19

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