Scotiabank Economic and Financial Market Update

Strong Capital Generation and Position Capital levels are well above minimum regulatory requirements. CET1 >11%. CET1 Ratio 11.1% 11.3% 11.1% +21 bps -5 bps -7 bps -9 bps +3 bps +20 bps Q1/19 Internal Capital RWA Impact Generation (ex. FX) Share Buybacks (net of issuances) Impact of Completed M&A Other Including FX Q2/19 Reported Impact of Announced Divestitures Q2/19 Pro-Forma Strong Capital Levels 15.3% 1.8% 1.5% 14.6% 14.7% 14.5% 14.3% 1.7% 1.8% 2.1% 2.2% 1.4% 1.4% 1.4% 1.4% 12.0% 11.4% 11.1% 11.1% 11.1% Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 CET1 Tier 1 Tier 2 Scotiabank® 11

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