Scotiabank Track Record

Funding Strategy Build customer deposits in all of our key markets Continue to reduce wholesale funding and shift mix towards longer term funding Absolute level of wholesale funding down $31B to $217B Y/Y Wholesale funding as % of total assets down to 24% from 27% Y/Y Asset growth funded through deposits Money market funding as % of total WSF down to 39% from 44% Y/Y Achieve appropriate balance between cost and stability of funding Maintain pricing relative to peers Diversify funding by type, currency, program, tenor and markets Regular issuance in all markets executed via wholesale funding centers in Toronto, New York, London and Singapore New credit card and auto securitization programs launched in 2016 Look to pre-fund at least one quarter ahead, market permitting Funding strategy and associated risk are managed centrally from Toronto within framework of policies and limits approved by Board of Directors Branch banking subsidiaries are largely self-funded in the local market 25 25

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