Magyar Takarekszovetkezeti Bank Rt. - S&P Global Ratings’ Credit Research

Magyar Takarekszovetkezeti Bank Rt.

Magyar Takarekszovetkezeti Bank Rt. - S&P Global Ratings’ Credit Research
Magyar Takarekszovetkezeti Bank Rt.
Published Nov 04, 2008
6157 words — Published Nov 04, 2008
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Support from the savings cooperatives sector Strong funding and liquidity profile as the central clearer for the savings cooperatives sector Relatively robust asset quality in difficult operating conditions Low capitalization relative to the bank's credit risk profile, which is still largely untested throughout a cycle Increasing pressures on the bank's modest and volatile profitability Mounting macroeconomic and industry risks in Hungary The ratings on Hungary-based Magyar Takarékszövetkezeti Bank Rt. (Takarékbank; Bank of Hungarian Savings Cooperatives Co. Ltd.) reflect the bank's low capitalization relative to its concentrated credit risk profile, which is still largely untested throughout a cycle; increasing pressures on its modest and volatile profitability; and mounting macroeconomic and industry risks in the Republic of Hungary (BBB+/Watch Neg/A-2). The ratings

  
Brief Excerpt:

RESEARCH Magyar Takarekszovetkezeti Bank Rt. Publication date: 04-Nov-2008 Primary Credit Analyst: Annette Ess, CFA, Frankfurt (49) 69-33-999-157; annette_ess@standardandpoors.com Secondary Credit Analyst: Harm Semder, Frankfurt (49)...

  
Report Type:

Full Report

Issuer
Magyar Takarekszovetkezeti Bank Rt.
GICS
Regional Banks (40101015)
Sector
Financial Institutions, Global Issuers
Country
Hungary
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Magyar Takarekszovetkezeti Bank Rt." Nov 04, 2008. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Magyar-Takarekszovetkezeti-Bank-Rt-681090>
  
APA:
S&P Global Ratings’ Credit Research. (). Magyar Takarekszovetkezeti Bank Rt. Nov 04, 2008. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Magyar-Takarekszovetkezeti-Bank-Rt-681090>
  
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