Scotiabank Risk Overview

Strong Credit Quality GILS ($MM) AND GIL RATIO1 81 bps 73 bps 67 bps 65 bps 64 bps 62 bps 60 bps 58 bps 5,116,33 4,735 -28 -235 -219 -231 1,040 921 941 904 3,757 -286 4,456,26 4,435,32 4,264 32 4,252,27 824 4,786 18 156 -168 -130 917 771 TITITI 3,551 3,270 3,268 Q2/21 Q3/21 Q4/21 Q1/22 3,695 3,240 3,324 5,104 18 141 1,079 3,866 Q2/22 Q3/22 Q4/22 Q1/23 HIGHLIGHTS Excluding the impact of foreign exchange, GILS increased $199 million Q/Q driven by new formations in Retail Banking and Commercial International Banking GILs were higher Q/Q driven by impact of foreign exchange and new retail formations in Chile Canadian Banking GILs were higher Q/Q driven by new retail formations mainly in Mortgages and Auto, due to normalizing trend, and new Commercial formations NET WRITE-OFFS ($MM) AND NET WRITE-OFFS RATIO¹ HIGHLIGHTS Net write-offs increased 22% Q/Q, but remained below historically low levels in both Canada and International International Banking net write-offs were higher Q/Q driven by higher retail write offs in Chile and Central America. Commercial write-offs related to one account Q/Q Canadian Banking net write-offs continued to normalize 76 bps 62 bps 1,141 219 -13 983 34 bps 27 bps 25 bps 21 bps 24 bps 29 bps 173 560 -1 123 457 3 910 4 801 139 422 144 4 385 462 5 3 563 184 ✓ 8 155 132 435 371 311 274 283 302 (1) Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 (33)Q4/22 Q1/23 International Banking Canadian Banking Global Banking and Markets Global Wealth Management 1 Refer to page 50 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 45 45

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