Track record of modest net charge-offs Continued geographic revenue diversification primarily through the growth of the broker/advisor business (B2B Bank business), as well as through Business Services activities Higher risk profile (because of the mix) in the consumer lending book and to commercial real estate (CRE) and construction lending than some peers Funding and liquidity metrics that are modestly weaker than those of the larger Canadian peers Significantly smaller national market share compared with the larger Canadian banks and larger concentration to Quebec Less well diversified by business line relative to the larger Canadian banks, although the bank also is not in riskier businesses such as cash flow business lending or oil and gas financing The outlook is negative, largely
