Global Banking and Markets & Canadian Retail Financial Insights

Risk Review . . • . Overall credit fundamentals remain within expectations PCL ratio - Credit performance remains stable at 45 basis points, unchanged from last quarter and prior year Gross impaired loans of $5.2 billion was down 3% Q/Q¹ • • Net impaired loan ratio was flat Q/Q at 0.49% Net formations of $723 million was up from $645 million in Q4/16, driven by International Retail Market risk - Average 1-day all-bank VaR of $12.0 million, up from $10.4 million in Q4/16 No trading loss days in Q1/17 (1) Excludes loans acquired under the Federal Deposit Insurance Corporation (FDIC) guarantee related to the acquisition of R-G Premier Bank of Puerto Rico. 14 Scotiabank®

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