Track record of strong loan performance Improving geographic revenue diversification primarily through the growth of the B2B Bank business, as well as through Business Services activities Significantly smaller national market share presence relative to the larger Canadian banks, which reflects more limited economies of scale and puts the bank at a competitive disadvantage Increasing reliance on wholesale funding that is putting pressure on the funding and liquidity scores The outlook is negative, reflecting Laurentian Bank of Canada's weakening funding profile and heightened risks associated with an aggressive seven-year transformation plan for growth. We will continue monitoring the bank's progress against its plan (including return on equity [ROE] and asset growth) and remain vigilant regarding any changes in asset performance. We
