Financial Resilience and Provisioning

Change in Margins Increase Q1/01 vs. Q4/00 vs. Q1/00 Net interest margin 2.23% (9) bps 15 bps Change due to: Margin - Canada +2 +17 - Foreign (4) +11 Impaired loans/Interest reversals (2) (3) Increase in lower yielding assets Other (2) (10) (3) - (9) 15 9 Broad-Based Growth in Other Income Q1/01 vs. Q4/00 Q1/01 vs. Q1/00 $MM % $MM % 149 17% Other income growth 192 23% (27) Gain on sale of Quebec branches (27) 122 14% 165 20% 51 64% Trading 88 100+% 11 9 Other investment banking 41 45 32 64 Securitization revenues 27 49 13 8 Deposit & payment services 15 10 7 Credit fees 12 8 (5) (6) Retail brokerage (5) (6) 13 Other (13)* (6) 122 14% 165 20% * decrease primarily reflects sale of stock transfer business in Q3/00 10

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