Very strong capitalization Good loss experience, which highlights its focus on low-risk residential mortgages and the risk profile of its predominantly government-employed customer base Limited business franchise, which leaves it susceptible to heightened competition from other retail-focused financial institutions Funding profile that is susceptible to competitive funding pressure, and its weaker capacity to source funding in a stressed operating environment Standard&Poor's Ratings Services' ratings on SGE Mutual Ltd. (trading as G&C Mutual Bank) reflect the mutual bank's very strong capitalization, and its good loss experience, which is reflective of its focus on low-risk residential mortgages and the risk profile of its predominantly government-employed customer base. These factors are offset by G&C Mutual Bank's limited business franchise, which leaves
