2013 Outlook Presentation

Downward Trend in Gross Impaired Loans % ($ billions) 3.7 3.6 3.5 3.4 3.3 3.2 3.1 1.15% 1.10% 1.05% 1.00% 0.95% 0.90% 0.85% 3.0 0.80% 2. Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 GILS -GILS as % of Loans & BAs (1) Excludes Federal Deposit Insurance Corporation (FDIC) guaranteed loans related to the acquisition of R-G Premier Bank of Puerto Rico Scotiabank (2) Decline in ratio in Q1/13 primarily due to ING DIRECT acquisition 35 36 Canadian Banking Retail: Loans and Provisions $188 (Spot Balances at Q2/13, $ billions) Total Portfolio = $240 billion¹; 94% secured $30 $19 $3 % secured Mortgages 100% Lines of Credit2 63% Personal Loans 98% Credit Cards 7% PCL Q2/13 Q1/13 Q2/13 Q1/13 Q2/13 $ millions 5 5 40 41 40 Q1/13 39 Q2/13 Q1/13 23 22 % of avg. 1 1 53 53 90 88 269 276 loans (bps) 1) Includes ING DIRECT balances of $28 billion Scotiabank 2) Includes $6 billion of ScotiaLine VISA re-allocated from Credit Cards to Lines of Credit

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