Renewed strategic plan to reinvigorate the bank and resume growth expected to produce positive incremental results over the medium term Track record of modest net charge-offs Funding and liquidity metrics that are weaker than those of larger Canadian peers, though still within our adequate range Significantly smaller national market share compared with larger Canadian banks and larger concentration to Quebec Less well diversified by business line relative to larger Canadian banks, although the bank is not in riskier businesses such as cash flow business lending The stable outlook reflects our expectation that Laurentian Bank of Canada (LBC) is well positioned to absorb any remaining fallout from the pandemic, including higher credit losses, which we expect will increase over the next
