Stable core operating profitability Stable asset quality Good capital adequacy Strong liquidity and funding position Geographic concentration in Quebec Small market share position Lack of product diversification High exposure to personal lending The ratings on Montreal-based Laurentian Bank of Canada reflect what Standard&Poor's Ratings Services views as the bank's stable core operating profitability, its stable asset quality, its good capital adequacy, and strong liquidity and funding position. The ratings also reflect Laurentian Bank's geographic concentration in the province of Quebec, its small market share position vis-à-vis its peers, its lack of product diversification, and its comparatively high exposure to personal lending. Much of Laurentian Bank's sustainable operating performance and financial strength in the past several years can be
