Dominant retail market position in Hungary with solid domestic retail deposit base. High share of granular collateralized homeowner loans and geographic diversity in Central and Eastern Europe (CEE) and Russia. Strong pre-provisioning earnings, which serve as a buffer against elevated impairment costs and special banking taxes. High systemic importance in Hungary, and demonstrated liquidity support from the Hungarian central bank. High credit risk, particularly in some foreign markets, and significant domestic foreign currency lending. Likely continued pressure on OTP Bank's asset quality and earnings over the next year. Ongoing and potential new pressure on economic and industry conditions in the eurozone and the riskier CEE markets in which OTP Bank operates. Standard&Poor's Ratings Services' outlook on OTP Bank
