Investor Presentation

ROE Compares Favourably to Canadian Peers 5-Year Average Return on Equity (Fiscal 2009 - 2013) 18.7% 18.1% 15.8% 14.1% 12.8% CIBC Scotiabank RBC BMO TD Note: 2009 and 2010 ROE based on CGAAP. Following years under IFRS. 16

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