Bulletin: Magyar Takarekszovetkezeti Bank Set To Benefit From Economies Of Scale As Merger Progresses Despite Increasing Headwinds - S&P Global Ratings’ Credit Research

Bulletin: Magyar Takarekszovetkezeti Bank Set To Benefit From Economies Of Scale As Merger Progresses Despite Increasing Headwinds

Bulletin: Magyar Takarekszovetkezeti Bank Set To Benefit From Economies Of Scale As Merger Progresses Despite Increasing Headwinds - S&P Global Ratings’ Credit Research
Bulletin: Magyar Takarekszovetkezeti Bank Set To Benefit From Economies Of Scale As Merger Progresses Despite Increasing Headwinds
Published Oct 06, 2022
3 pages (1267 words) — Published Oct 06, 2022
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Abstract:

FRANKFURT (S&P Global Ratings) Oct. 6, 2022--S&P Global Ratings said today that the progress of Magyar Bankholding's three-way merger positions MTB Magyar Takarekszovetkezeti Bank Zrt. (MTB; BB/Stable/B) to benefit from the expected improvements in efficiency and profitability if the transformation evolves as planned. Magyar Bankholding's recent announcement that MBH Bank will be the name of the newly formed banking union represents a milestone in the group's transformation into Hungary's second-largest lender, with over Hungarian forint (HUF) 10 trillion in total assets and 2.3 million clients. The announcement is in line with our base-case expectations, and we continue to believe MTB's creditworthiness depends on that of the wider group as the merger progresses. This leads us to positively incorporate into our

  
Report Type:

Bulletin

Ticker
3533101Z@HB
Issuer
MTB Magyar Takarekszovetkezeti Bank Zrt.
GICS
Regional Banks (40101015)
Sector
Global Issuers
Country
Hungary
Region
Europe, Middle East, Africa
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Magyar Takarekszovetkezeti Bank Set To Benefit From Economies Of Scale As Merger Progresses Despite Increasing Headwinds" Oct 06, 2022. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Magyar-Takarekszovetkezeti-Bank-Set-To-Benefit-From-Economies-Of-Scale-As-Merger-Progresses-Despite-Increasing-Headwinds-2900068>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Magyar Takarekszovetkezeti Bank Set To Benefit From Economies Of Scale As Merger Progresses Despite Increasing Headwinds Oct 06, 2022. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Magyar-Takarekszovetkezeti-Bank-Set-To-Benefit-From-Economies-Of-Scale-As-Merger-Progresses-Despite-Increasing-Headwinds-2900068>
  
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