Colombian Economy & Banking Sector Analysis

Well-Diversified Business with Strong Returns Earnings by Business Line 1,2,3 Wealth Management 17% Global Wealth Management Caribbean and Central America Earnings by Market¹,2 Europe, Asia, Brazil, Australia Other Colombia C&CA 8% 1% Wholesale Banking 26% Global Banking and 17% Q2 2020 YTD EARNINGS MIX $3.8B3 Markets 26% International Banking P&C 21% Adjusted Return Canadian Banking P&C Personal & Commercial 36% Banking 57% 5% Chile 6% Peru Q2 2020 YTD 8% EARNINGS MIX Canada Mexico $3.8B³ 57% 6% U.S. 9% on Equity 1,2 by Business Line 16.7% 13.8% 14.7% 11.1% 8.3% Canadian Banking International Banking Global Wealth Management Global Banking All Bank and Markets 1Net income attributable to equity holdersor for the 6 months ended April 30, 2020; 2 Adjusted for acquisition and divestiture-related amounts, impact of additional pessimistic scenario in ACLs, Derivative Valuation Adjustment, and impairment charge on software asset; 3 Excluding Other segment 6

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