Credit Performance Review

Q1 2019 International Banking Financial Performance Strong performance across the Pacific Alliance FINANCIAL PERFORMANCE AND METRICS ($MM) 1 1, 2 Q1/19 Y/Y Q/Q Reported Revenue $3,331 +22% +6% Expenses $1,742 +20% +1% PCLS $470 +37% +14% Net Income $782 +16% +10% Productivity Ratio 52.3% (100bps) (260bps) Net Interest Margin 4.52% (14bps) PCL Ratio 3 PCL Ratio on Impaired Loans³ 1.28% +2bps +23bps 1.23% (2bps) +3bps Adjusted5 Expenses $1,702 Net Income $805 Productivity Ratio 51.1% +18% +18% +2% +8% (180bps) (190bps) ADJUSTED NET INCOME 1,5 ($MM) AND NIM 5 (%) 4.66% 4.74% 4.70% 4.52% YEAR-OVER-YEAR HIGHLIGHTS2 • • 4.52% • 805 683 715 746 675 Q1/18 Q2/18 1 Attributable to equity holders of the Bank Q3/18 Q4/18 Q1/19 2 Y/Y and Q/Q growth rates (%) are on a constant dollars basis, while metrics and change in bps are on a reported basis • Adjusted Net Income up 18%5 o Includes impact from alignment of reporting period in Peru which contributed 6% Strong asset and deposit growth across the Pacific Alliance Revenues up 22% o Includes impact of acquisitions o Pacific Alliance up 31% includes impact of acquisitions Loans up 29% o Pacific Alliance up 44% includes impact of Chile and Colombia acquisitions NIM down 14 bps o Driven by the business mix impact of acquisitions (BBVA Chile) Expenses up 18%5 o Includes impact of acquisitions Business volume growth and inflation 。 Productivity ratio improvement of 180bps 5 Positive operating leverage of 4.2%5 • PCLS ratio reflects stable credit quality 3 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 4 Net Interest Margin is on a reported basis 5 Adjusted for Acquisition-related costs, including integration and amortization costs related to current acquisitions, and amortization of intangibles related to current and past acquisitions Scotiabank® 24

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