Financial Markets Summary Q4 2022

ALLOWANCE FOR CREDIT LOSSES ACL Q4 22 ($MM) $1169 + 3% $1,131 $1,086 $1,058 $1,093 Impaired (1) $379 Impaired (1) $321 Impaired (1) $318 Impaired (1) $314 Impaired (1) $333 Performing $879 Performing $847 Performing $821 Performing $854 Performing (2) $890 POCI ($89) POCI ($82) POCI ($81) POCI ($75) POCI ($92) ACL Q4 21 ACL Q1 22 ACL Q2 22 ACL Q3 22 ACL Q4 22 (1) Represents Allowances on impaired loans (excluding POCI loans). (2) Performing ACL includes allowances on drawn ($714M), undrawn ($143M) and other assets ($33M). (3) Represents a supplementary financial measures. See slide 2. Total Allowances ■ Increased by 3% ($38M) QoQ ■ Remain ~47% above pre-pandemic level Maintaining prudent level of allowances in light of continued uncertainties Performing Allowances ■ Increase of 4% ($36M) QoQ ■ At $890M, remains just 16% below peak level Strong coverage of 6.4X LTM impaired PCLS and 2.8X 2019 impaired PCLS ■ Cumulative release of 35% from the pandemic build Impaired Allowances (excluding POCI) (3) ■ Increase of $19M QoQ to $333M Coverage of 41% of gross impaired loans 15

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