PCL Ratios and Provision for Credit Losses Review

NET FORMATIONS OF IMPAIRED LOANS 900 800 700 600 ($MM) 500 $40 400 300 200 100 IAS 39 I 1, 2 IFRS 9 0 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Net formations 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 2 2018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39 Scotiabank® 30 50

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