Colombian Economy & Banking Sector Analysis

Scotiabank in Mexico Including all Business Segments Footprint Customers Employees Branches1 Market Position by Loans4 23.2% ~3.5 million ~12,900 ~592 Balance and Market Position Loan Market Average Average Loans Share4 Deposits 7.7% $33 $26 billion billion Financial Total NIAT 2,5 ROE³ Performance Productivity³ BBVA B BANORTE $476 14.9% 54.0% million NIAT5 13.5% 13.5% 12.5% 7.7% 7.5% 4.6% 3.3% 2.0% citibanamex 8 banregio BBVA Banorte Santander Banamex Scotiabank HSBC Inbursa Bajio Regio Productivity Ratio Operating Leverage +20% 63.0% CAGR 666 579 465 337 58.6% 55.4% 55.0% 1.5% 7.5% 6.9% -0.9% 2016 2017 2018 2019 All figures in CAD$ Constant currency 2016 2017 2018 2019 2016 2017 2018 2019 1 Includes bank and wealth branches; does not include 177 Credito Familiar branches 2 Adjusted; for the LTM ended March 31, 2020 not adjusted for currency 3 Adjusted; for the LTM ended March 31, 2020 4 Source: CNBV as of March 2020 5 After NCI on an adjusted basis 36

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