Ownership by and expected extraordinary financial support from integrated savings cooperatives. Stronger funding and liquidity profile than the Hungarian banking system average, as the central clearer for the savings cooperatives sector. Better asset quality indicators than the Hungarian banking system's average. Small absolute size. Weak operating conditions in Hungary. A weak capital position. Weak IFRS profitability. The stable outlook on Magyar Takarekszovetkezeti Bank ZRt. reflects that on Hungary, where the bank is headquartered, and Standard&Poor's Ratings Services' expectation that the business and financial profiles of both the bank and its majority owner, integrated savings cooperatives, will continue to show above-average resilience to the challenging operating environment in Hungary. The group, which includes Takarekbank and the integrated savings cooperatives,
