Gradually improving profitability Satisfactory asset quality and improving trends Strong capital position vis-à-vis peers Below-peer average financial metrics Geographic concentration The ratings on Montreal, Que.-based Laurentian Bank of Canada reflect improving core operating results from very low levels that are more in line with the rating level, and market share position that is holding its own in loans and deposits. The bank's refocus on its domestic operating markets is proving to be a superior strategy than the earlier pursuit of a national presence. The strong core customer funding and lower credit risk profiles also provide an element of support to the ratings and benefit the bank by giving it a more stable financial performance. Even after adjusting capital for material
