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Financial Review | Allowances for Credit Losses Allowances for Credit Losses (ACL) ($MM) 208.9 • 202.6 196.9 193.2 183.3 87.0 88.0 68.6 53.4 90.0 115.6 120.9 128.3 139.8 • 93.3 Y/Y Highlights ACL increased by $9.9MM mainly as a result of higher provisions on commercial loans related to volume growth and the less favourable macroeconomic outlook Q/Q Highlights ACL decreased by $3.7MM mainly due to write-offs of previously provisioned accounts in the commercial loan portfolio Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 ■Performing loans Impaired loans Movement in ACL ($MM) 0.56% (1) 183.3 35.0 12.3 0.55%(1) 11.0 5.7 0.53%(1) - 33.7 - 20.4 196.9 193.2 ACL (Q3/21) PCL on performing loans PCL on impaired loans Net write-offs, FX & other ACL (Q2/22) PCL on performing loans PCL on impaired loans Net write-offs, FX & other ACL (Q3/22) (1) The ACL as a % of loans and acceptances is a supplementary financial measure. For more information, refer to the Non-GAAP Financial and Other Measures section beginning on page 5 of the Third Quarter 2022 Report to Shareholders, including the MD&A as at and for the period ended July 31, 2022, which pages are incorporated by reference herein. Seeing Voir beyond numbers." au-delà des chiffres." 21 21

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