The following table provides details regardingthe Bank’s loans as at July 31, 2026 and October31, 2025.

Loans

(millions of Canadian dollars)

As at

July 31, 2026

October 31, 2025

Residential mortgages

$

292,598

$

315,063

Consumer instalment and other personal

291,421

259,033

Credit card

42,104

41,662

Business and government

373,421

345,943

999,544

961,701

Loans at FVOCI

1

374

288

Total loans

999,918

961,989

Total allowance for loan losses

8,508

8,689

Total loans, net of allowance

$

991,410

$

953,300

Business and government loans and loansat FVOCI are grouped together as reflectedbelow for presentation in the “Loans byRisk Ratings” table.

Included in Financial assets at fair value through other comprehensive income on the Interim Consolidated BalanceSheet.

The following table provides the gross carryingamounts of loans and credit risk exposureson loan commitments and financial guaranteecontracts by internal risk

rating for credit risk management purposes,presenting separately those that aresubject to Stage 1, Stage 2, and Stage 3allowances.

Includes impaired loans with a balance of $

199

million (October 31, 2025 – $

273

million) which did not have a related allowance for loan losses as the realizable value of the collateral

exceeded the loan amount.

Excludes trading loans and non-trading loans at FVTPL with a fair value of $

32

billion (October 31, 2025 – $

30

billion) and $

1

billion (October 31, 2025 – $

0.3

billion), respectively.

Includes insured mortgages of $

66

billion (October 31, 2025 – $

69

billion).

4

Includes Canadian government-insured real estate personal loans of $

5

billion (October 31, 2025 – $

5

billion).

Loans by Risk Rating

(Continued)

– Off-Balance Sheet Credit Instruments

1

(millions of Canadian dollars)

As at

July 31, 2026

October 31, 2025

Stage 1

Stage 2

Stage 3

Total

Stage 1

Stage 2

Stage 3

Total

Retail Exposures

2

Low Risk

$

313,013

$

1,333

$

n/a

$

314,346

$

318,759

$

1,464

$

n/a

$

320,223

Normal Risk

72,005

1,220

n/a

73,225

62,564

1,147

n/a

63,711

Medium Risk

17,341

1,106

n/a

18,447

16,381

1,295

n/a

17,676

High Risk

1,458

1,103

–

2,561

1,282

1,092

–

2,374

Default

n/a

n/a

–

–

n/a

n/a

–

–

Non-Retail Exposures

3

Investment grade

353,009

–

n/a

353,009

319,274

–

n/a

319,274

Non-investment grade

108,189

6,109

n/a

114,298

103,936

5,710

n/a

109,646

Watch and classified

1,044

4,520

–

5,564

150

4,905

–

5,055

Default

n/a

n/a

406

406

n/a

n/a

343

343

Total off-balance sheet credit

instruments

866,059

15,391

406

881,856

822,346

15,613

343

838,302

Allowance for off-balance sheet credit

instruments

471

570

5

1,046

470

566

16

1,052

Total off-balance sheet credit

instruments, net of allowance

$

865,588

$

14,821

$

401

$

880,810

$

821,876

$

15,047

$

327

$

837,250

Excludes mortgage commitments.

2

Includes $

406

billion (October 31, 2025 – $

401

billion) of personal lines of credit and credit card lines, which are unconditionally cancellable at the Bank’sdiscretion at any time.

3

Includes $

71

billion (October 31, 2025 – $

67

billion) of the undrawn component of uncommitted credit and liquidity facilities.

The following table provides details onthe Bank’s allowance for credit losses as at andfor the three and nine months ended July 31,2026 and July 31, 2025,

including allowance for off-balance sheet instrumentsin the applicable categories.

The following table provides details onthe Bank’s allowance for loan losses by stage asat and for the three months ended July 31,2026 and July 31, 2025.

Transfers represent stage transfer movements prior to ECL remeasurement.

2

Represents the mechanical remeasurement between twelve-month (i.e., Stage 1) and lifetime ECLs (i.e., Stage 2or 3) due to stage transfers necessitated by credit risk migration, as

described in the “Significant Increase in Credit Risk” section of Note 2 and Note 3 of the Bank’s 2025Annual Consolidated Financial Statements, holding all other factors impacting the

change in ECLs constant.

3

Represents the increase in the allowance resulting from loans that were newly originated, purchased, or renewed.

4

Represents the changes in the allowance related to cash flow changes associated with new draws or repaymentson loans outstanding.

5

Represents the decrease in the allowance resulting from loans that were fully repaid and excludes the decreaseassociated with loans that were disposed or fully written off.

6

Represents the changes in the allowance related to current period changes in risk (e.g.,PD) caused by changes to macroeconomic factors, level of risk, parameters,and/or models,

subsequent to stage migration. Refer to the “Measurement of Expected Credit Losses”, “Forward-Looking Information”and “Expert Credit Judgment”sections of Note 2 and Note 3 of the

Bank’s 2025 Annual Consolidated Financial Statements for further details.

7

The allowance for loan losses for off-balance sheet instruments is recorded in Other liabilities on the InterimConsolidated Balance Sheet.

8

Credit cards are considered impaired and migrate to Stage 3 when they are 90 days past due and written offat 180 days past due. Refer to Note 2 of the Bank’s 2025 Annual

Consolidated Financial Statements for further details.

Allowance for Loan Losses by Stage

(Continued)

(millions of Canadian dollars)

For the three months ended

July 31, 2026

July 31, 2025

Stage 1

Stage 2

Stage 3

Total

Stage 1

Stage 2

Stage 3

Total

Business and Government

Balance, including off-balance sheet instruments,

at beginning of period

$

1,446

$

1,869

$

716

$

4,031

$

1,328

$

2,134

$

837

$

4,299

Provision for credit losses

Transfer to Stage 1

1

111

(111)

–

–

123

(122)

(1)

–

Transfer to Stage 2

(172)

176

(4)

–

(203)

214

(11)

–

Transfer to Stage 3

(2)

(41)

43

–

(2)

(181)

183

–

Net remeasurement due to transfers into stage

1

(28)

44

1

17

(29)

42

(1)

12

New originations or purchases

1

421

n/a

n/a

421

438

n/a

n/a

438

Net repayments

1

11

(8)

(30)

(27)

2

2

(30)

(26)

Derecognition of financial assets (excluding

disposals and write-offs)

1

(226)

(219)

(110)

(555)

(217)

(314)

(121)

(652)

Changes to risk, parameters, and models

1

(83)

188

213

318

(4)

311

211

518

Disposals

–

–

–

–

–

–

(13)

(13)

Write-offs

–

–

(221)

(221)

–

–

(158)

(158)

Recoveries

–

–

34

34

–

–

17

17

Foreign exchange and other adjustments

26

45

1

72

7

(5)

(20)

(18)

Balance, including off-balance sheet instruments,

at end of period

1,504

1,943

643

4,090

1,443

2,081

893

4,417

Less: Allowance for off-balance sheet instruments

2

240

216

5

461

223

212

9

444

Balance at end of period

1,264

1,727

638

3,629

1,220

1,869

884

3,973

Total Allowance, includingoff-balance sheet

instruments, at end of period

3,333

4,773

1,448

9,554

3,181

4,849

1,671

9,701

Less: Total Allowance foroff-balance sheet

instruments

2

471

570

5

1,046

449

561

9

1,019

Total Allowance for Loan Lossesat end of period

$

2,862

$

4,203

$

1,443

$

8,508

$

2,732

$

4,288

$

1,662

$

8,682

For explanations regarding this line item, refer to the “Allowance for Loan Losses by Stage” table on the previouspage in this Note.

2

The allowance for loan losses for off-balance sheet instruments is recorded in Other liabilities on the InterimConsolidated Balance Sheet.

The following table provides details onthe Bank’s allowance for loan losses by stage asat and for the nine months ended July 31,2026 and July 31, 2025.

Allowance for Loan Losses by Stage

(millions of Canadian dollars)

For the nine months ended

July 31, 2026

July 31, 2025

Stage 1

Stage 2

Stage 3

Total

Stage 1

Stage 2

Stage 3

Total

Residential Mortgages

Balance at beginning of period

$

102

$

175

$

80

$

357

$

116

$

189

$

60

$

365

Provision for credit losses

Transfer to Stage 1

1

80

(75)

(5)

–

85

(81)

(4)

–

Transfer to Stage 2

(40)

63

(23)

–

(20)

43

(23)

–

Transfer to Stage 3

–

(36)

36

–

–

(32)

32

–

Net remeasurement due to transfers into stage

2

(19)

13

–

(6)

(19)

12

–

(7)

New originations or purchases

3

21

n/a

n/a

21

19

n/a

n/a

19

Net repayments

4

(3)

(3)

–

(6)

(3)

(3)

–

(6)

Derecognition of financial assets (excluding

disposals and write-offs)

5

(4)

(22)

(29)

(55)

(12)

(15)

(21)

(48)

Changes to risk, parameters, and models

6

(37)

110

54

127

(65)

58

35

28

Disposals

–

–

–

–

–

–

–

–

Write-offs

–

–

(11)

(11)

–

–

(7)

(7)

Recoveries

–

–

3

3

–

–

1

1

Foreign exchange and other adjustments

(1)

1

–

–

–

–

–

–

Balance at end of period

$

99

$

226

$

105

$

430

$

101

$

171

$

73

$

345

Consumer Instalment and Other Personal

Balance, including off-balance sheet instruments,

at beginning of period

$

724

$

1,275

$

274

$

2,273

$

696

$

1,175

$

262

$

2,133

Provision for credit losses

Transfer to Stage 1

1

647

(643)

(4)

–

537

(533)

(4)

–

Transfer to Stage 2

(180)

243

(63)

–

(178)

249

(71)

–

Transfer to Stage 3

(9)

(232)

241

–

(7)

(220)

227

–

Net remeasurement due to transfers into stage

2

(289)

206

9

(74)

(234)

215

6

(13)

New originations or purchases

3

277

n/a

n/a

277

251

n/a

n/a

251

Net repayments

4

(77)

(80)

(18)

(175)

(65)

(81)

(13)

(159)

Derecognition of financial assets (excluding

disposals and write-offs)

5

(69)

(84)

(35)

(188)

(64)

(86)

(36)

(186)

Changes to risk, parameters, and models

6

(255)

489

861

1,095

(227)

525

825

1,123

Disposals

–

–

–

–

–

–

–

–

Write-offs

–

–

(1,247)

(1,247)

–

–

(1,196)

(1,196)

Recoveries

–

–

244

244

–

–

262

262

Foreign exchange and other adjustments

1

–

–

1

(1)

(3)

–

(4)

Balance, including off-balance sheet instruments,

at end of period

770

1,174

262

2,206

708

1,241

262

2,211

Less: Allowance for off-balance sheet instruments

7

24

48

–

72

25

54

–

79

Balance at end of period

$

746

$

1,126

$

262

$

2,134

$

683

$

1,187

$

262

$

2,132

Credit Card

8

Balance, including off-balance sheet instruments,

at beginning of period

$

944

$

1,386

$

460

$

2,790

$

947

$

1,374

$

378

$

2,699

Provision for credit losses

Transfer to Stage 1

1

822

(794)

(28)

–

1,000

(967)

(33)

–

Transfer to Stage 2

(260)

337

(77)

–

(256)

325

(69)

–

Transfer to Stage 3

(22)

(787)

809

–

(18)

(768)

786

–

Net remeasurement due to transfers into stage

2

(325)

367

23

65

(398)

343

20

(35)

New originations or purchases

3

136

n/a

n/a

136

113

n/a

n/a

113

Net repayments

4

9

(1)

49

57

(7)

5

54

52

Derecognition of financial assets (excluding

disposals and write-offs)

5

(38)

(83)

(333)

(454)

(49)

(74)

(240)

(363)

Changes to risk, parameters, and models

6

(306)

1,004

802

1,500

(400)

1,120

815

1,535

Disposals

–

–

–

–

–

–

–

–

Write-offs

–

–

(1,598)

(1,598)

–

–

(1,558)

(1,558)

Recoveries

–

–

331

331

–

–

293

293

Foreign exchange and other adjustments

–

1

–

1

(3)

(2)

(3)

(8)

Balance, including off-balance sheet instruments,

at end of period

960

1,430

438

2,828

929

1,356

443

2,728

Less: Allowance for off-balance sheet instruments

7

207

306

–

513

201

295

–

496

Balance at end of period

$

753

$

1,124

$

438

$

2,315

$

728

$

1,061

$

443

$

2,232

Transfers represent stage transfer movements prior to ECL remeasurement.

2

Represents the mechanical remeasurement between twelve-month (i.e., Stage 1) and lifetime ECLs (i.e., Stage 2or 3) due to stage transfers necessitated by credit risk migration, as

described in the “Significant Increase in Credit Risk” section of Note 2 and Note 3 of the Bank’s 2025Annual Consolidated Financial Statements, holding all other factors impacting the

change in ECLs constant.

3

Represents the increase in the allowance resulting from loans that were newly originated, purchased, or renewed.

4

Represents the changes in the allowance related to cash flow changes associated with new draws or repaymentson loans outstanding.

5

Represents the decrease in the allowance resulting from loans that were fully repaid and excludes the decreaseassociated with loans that were disposed or fully written off.

6

Represents the changes in the allowance related to current period changes in risk (e.g.,PD) caused by changes to macroeconomic factors, level of risk, parameters,and/or models,

subsequent to stage migration. Refer to the “Measurement of Expected Credit Losses”, “Forward-Looking Information”and “Expert Credit Judgment”sections of Note 2 and Note 3 of the

Bank’s 2025 Annual Consolidated Financial Statements for further details.

7

The allowance for loan losses for off-balance sheet instruments is recorded in Other liabilities on the InterimConsolidated Balance Sheet.

8

Credit cards are considered impaired and migrate to Stage 3 when they are 90 days past due and written offat 180 days past due. Refer to Note 2 of the Bank’s 2025 Annual

Consolidated Financial Statements for further details.

The numbers represent average values for the quoted periods and the average of year-on-year growth for real GDPand home prices.

2

The average home price is the average transacted sale price of homes sold via the Multiple Listing Service; datais collected by the Canadian Real Estate Association.

3

The CoreLogic home price index (HPI) is a repeat-sales index which tracks increases and decreasesin the same home’s sales price over time.

The following table presents the base ECLscenario compared to the probability-weightedECLs, with the latter derived fromthree ECL scenarios for performing

loans and off-balance sheet instruments. The differencereflects the impact of deriving multiplescenarios around the base ECLs and resultantchange in ECLs due

to non-linearity and sensitivity to usingmacroeconomic forecasts.

Change from Base to Probability-WeightedECLs

(millions of Canadian dollars, exceptas noted)

As at

July 31, 2026

October 31, 2025

Probability-weighted ECLs

$

8,106

$

8,137

Base ECLs

7,563

7,737

Difference – in amount

$

543

$

400

Difference – in percentage

7.2

%

5.2

%

The

following table shows the estimated impactof staging on ECLs by presenting all performingloans and off-balance sheet instruments calculatedusing twelve-month

ECLs compared to the current aggregate probability-weightedECLs, holding all risk profiles constant.

The following table summarizes loans that arepast

due but not impaired.Loans less than 31 days contractually pastdue are excluded as they do not generallyreflect a borrower’s ability to meettheir payment

obligations.

Loans Past Due but not Impaired

1

(millions of Canadian dollars)

As at

July 31, 2026

October 31, 2025

31-60

61-89

31-60

61-89

days

days

Total

days

days

Total

Residential mortgages

$

485

$

146

$

631

$

407

$

129

$

536

Consumer instalment and other personal

1,004

287

1,291

930

301

1,231

Credit card

362

251

613

373

253

626

Business and government

258

91

349

247

85

332

Total

$

2,109

$

775

$

2,884

$

1,957

$

768

$

2,725

Includes loans that are measured at FVOCI.