Increasing Scale, Improving Focus

0.00% 2001 2002 0.50% 2003 2004 1.00% 2005 1 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures PCL Ratio on Impaired Loans 2006 2007 1.50% 2008 2009 2001 2002 2003 2004 2005 PCL Ratio on Impaired Loans 2006 2007 2.00% CANADIAN BANKING HISTORICAL PCL RATIO ON IMPAIRED LOANS 1 2010 2011 2012 2013 - Historical Average - PCL Ratio on Impaired Loans (26 bps) 2014 2015 2016 Scotiabank. 32 2017 2018 Historical PCL Ratios on Impaired Loans Credit fundamentals remain strong; PCLS on impaired loans in line with long-term average 2.00% 1.50% 1.00% 0.50% 0.00% ALL BANK HISTORICAL PCL RATIO ON IMPAIRED LOANS1 2002: Included $454 million related to the Bank's exposure to Argentina 2009: Higher PCLs driven by economic conditions, event distributed across business lines. Higher general allowance and sectoral allowance (automotive related) 2019 YTD 2008 2009 2010 2011 2012 2013 2014 - Historical Average - PCL Ratio on Impaired Loans (44 bps). Average: 26 bps 2015 2016 2017 2018 2019 YTD Average: 44 bps

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