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 average. Small absolute size. Weak operating conditions in Hungary. Weak capital position. Weak profitability under International Financial Reporting Standards. Standard&Poor's Ratings Services' outlook on Magyar Takarekszovetkezeti Bank ZRt. (Takarekbank) is stable, reflecting our expectation that the business and financial profiles of both the bank and its majority owner, the 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, should continue to
