Scotiabank and Kabbage Partner to Provide Small Business Customers With a New, Streamlined Digital Lending Experience - Seite 2

"The Scotiabank-Kabbage partnership is another significant milestone in the Bank's digital transformation. Scotiabank is embracing technologies that drive new and improved experiences for its customers worldwide. Small businesses are a very important customer segment in our journey, and this partnership is an example of how banks and FinTechs are working together to provide customers with a better banking experience."

- James O' Sullivan, Group Head, Canadian Banking, Scotiabank

"Scotiabank combines the agility of a progressive and technology forward company with the strength and stability of its position as a leading global bank. Today's announcement further demonstrates the scalability of Kabbage to power lending for organizations worldwide. Working in markets as diverse as Canada and Latin America together with the U.S., Europe and Australia cements our position as the most advanced data and technology platform in lending."

- Rob Frohwein, Co-founder and CEO, Kabbage

"Our partnership with Kabbage will provide our small business customers in Canada and Mexico with a new digital lending experience. This partnership will allow us to learn from each other and to adapt our value proposition to meet the needs of small business customers. Scotiabank is undergoing a digital transformation and we are delighted to work with Kabbage to accelerate our digital strategy."

- Nacho Deschamps, Group Head, International Banking and Digital Transformation, Scotiabank

Canada Small Business Facts:

• Employing more than 8.2 million Canadians, small businesses represent 97.9% of Canada's employer businesses.
• Borrowing activity by Canadian small businesses fell for the 5^th consecutive month in April according to data from PayNet.
• Source: Innovation, Science and Economic Development Canada (June 2016)

Mexico Small Business Facts:

• SME segment is an important engine for Mexico's GDP. According to 2014 Economic Census in Mexico, Small Businesses generate 40% of the GDP and 60% of formal employments in the country.
• According to the National Institute of Statistics and Geography in Mexico (INEGI), from the ~5 million enterprises in Mexico, over 90% are small businesses.

About Scotiabank

Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 89,000 employees and assets of $895 billion (as at April 30, 2016), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.