Investor Presentation Fourth Quarter 2020

Increased allowance to reflect the current economic backdrop Allowance for Credit Losses ($MM) Allowance for Credit Losses up YoY & QoQ 3,609 910 113 2,699 178 3,722 • (178) 916 2,806 Q3/20 PCL on Performing PCL on Impaired Loans Loans Net Write-offs, FX and Other Q4/20 ■ Performing ■ Impaired Provision on Performing Loans ($MM) 128 82 113 (97) 1 Model Parameter Updates Net Transfer to Impaired Other Changes Performing PCL CIBC 1 Other includes forward looking indicator update, COVID-19 specific adjustments, credit migration and other movements. • Performing allowance remained stable in Q4 Impaired allowance increased this quarter due to higher impairments Fourth Quarter, 2020 18

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