Earnings & Dividend Growth Presentation

FUNDING STRATEGY Managing the Bank's reliance on wholesale funding and diversifying funding sources Build customer deposits in all of our key markets • Continue to manage wholesale funding (WSF) and focus on longer term funding o Endeavouring to fund asset growth through deposits • Achieve appropriate balance between cost and stability of funding ○ Maintain pricing relative to peers • ⚫ Diversify funding by type, currency, program, tenor and markets • Pre-fund at least one quarter ahead, market permitting • Centralized funding strategy and associated risk management Scotiabank | 31

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