Consistent core operating profitability Solid asset quality Stable capital adequacy Strong retail deposit funding base Geographic concentration in Quebec Small market share position Lack of product diversification High exposure to personal lending The stable outlook reflects Standard&Poor's Ratings Services' expectation that Laurentian Bank of Canada will continue to generate sustainable and consistent earnings, supported by its solid asset quality, adequate capitalization, and predominantly retail deposit funding base. The outlook or ratings could come under pressure if deteriorating economic conditions lead to expectations of substantial increases in loss rates for retail loan exposures. A positive outlook or rating action could be the result of material strengthening of the bank's capital and earnings, or of the achievement of a more
