Embracing Fintech

Scotiabank in Colombia Business Overview1 Customers² ~2.8MM Corporate/ Residential Mortgages 26.5% 18% Employees² ~5,800 Commercial Branches² 132 50% Average Loans Loans $11.9B $12B 18% Personal Loans Average Deposits $10B 14% Total NIAT (after NCI)3,4 $38MM Credit Cards ROE 3,4 3.8% Retail 37% 63% Loans Productivity 3,4 64.7% Secured Unsecured 676 572 PTPP1,7 -5% CAGR 444 391 Market Position by Loans 5,6 16.8% 11.6% 10.7% 6.2% 5.4% 4.1% G BBVA 1 Bancolombia Davivienda Bogotá BBVA Occidente Scotiabank Colpatria Popular Productivity Ratio4 55.0% 2018 2019 2020 2021 All figures excluding Wealth Management 52.7% 1 PTPP as reported, CAGR on a constant dollar basis 2Including subsidiaries 3FYTD'22 Results 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2022 Report to Shareholders, available on http://www.sedar.com 5 Market share as of April 2022 6 Members of AVAL Group: Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas 7 Pre-Tax, Pre-Provision Profit defined as revenues less expenses Operating Leverage4 64.0% 62.9% -2.8% -5.3% -13.5% 1.4% 2018 2019 2020 2021 2018 2019 2020 2021 33

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