2016 Year-End Financial Results

Net Formations of Impaired Loans ($ millions) 1,200 1,000 800 600 400 200 1 0 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Net Formations Q3/16 Q4/16 -Average (1) Excludes loans acquired under the Federal Deposit Insurance Corporation (FDIC) guarantee related to the acquisition of R-G Premier Bank of Puerto Rico. 28 Scotiabank®

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