Investor Presentaiton

Risk Review . . Underlying credit fundamentals remain solid Increase in PCL ratio - up 1bp Q/Q to 42bps • . ● Gross impaired loans of $4.7 billion were up 6% Q/Q and up 21% Y/Y • Excluding the impact of FX, gross impaired loans were up 3% Q/Q and 14% Y/Y GIL ratio was up 3bps Q/Q, or stable excluding the impact of FX Net formations of $647 million was up from $495 million in Q2 Market risk remains well-controlled • Average 1-day all-bank VaR of $10.5MM unchanged from Q2/15 13 Scotiabank®

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