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DESJARDINS GROUP ANNEX TO COMBINED FINANCIAL STATEMENTS AS AT DECEMBER 31, 2020 COVERAGE RATIOS

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DESJARDINS GROUP

ANNEX TO COMBINED FINANCIAL STATEMENTS AS AT DECEMBER 31, 2020

COVERAGE RATIOS

The following financial ratio is calculated for the twelve-month period ended December 31, 2020 and is based on the combined financial statements of Desjardins Group.

 Interest coverage on subordinated notes ... 53.07

The following financial ratios are calculated for the twelve-month period ended December 31, 2020 and are based on the combined financial statements of Desjardins Group.

 Combined Ratio of Earnings to Fixed Charges excluding interest on deposits ... 18.67

 Combined Ratio of Earnings to Fixed Charges including interest on deposits ... 2.36

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