Track record of strong loan performance supported by low credit losses Continued geographic revenue diversification primarily through the growth of the B2B Bank business, as well as through Business Services activities Significantly smaller national market share presence compared with the larger Canadian banks Higher business concentration risk relative to the larger Canadian banks Increasing reliance on wholesale funding that is putting pressure on the funding and liquidity scores S&P Global Ratings' outlook on Laurentian Bank of Canada is stable, reflecting our belief that the bank will continue to generate sustainable and consistent earnings and good asset quality metrics. Given the bank's new executive team, headed by Francois Desjardins, and an ambitious seven-year transformation plan, we will be closely monitoring the
