Strong market position and franchise as one of the two largest banking groups in Israel. Sound liquidity profile, supported by deep domestic funding base and international subsidiaries' deposit-gathering capabilities. Diversified revenue base and earnings recovery. Likelihood of extraordinary government support, if required. Comparatively high credit risk profile, being concentrated in Israel and given loan portfolio concentrations. Rising house prices in Israel increase the risk of a major correction that could impair economic growth and harm credit quality. Limited medium-term growth prospects given maturity of the domestic market. Moderate capitalization. Standard&Poor's Ratings Services' outlook on Israel-based Bank Leumi le-Israel B.M. (Leumi) reflects our view that the bank's business and financial profile will remain relatively unchanged over the next two
