OTP Bank PLC and its core subsidiary, OTP Mortgage Bank, have demonstrated tougher resilience against the economic recession than previously anticipated. We are therefore revising our outlooks on OTP Bank PLC and OTP Mortgage Bank to stable from negative. At the same time, we are affirming our 'BB+/B' counterparty credit ratings on both entities. The stable outlook reflects the banks' relatively robust financial profile, and higher-than-anticipated preprovisioning earnings, providing a stronger cushion against credit losses. On March 19, 2010, Standard&Poor's Ratings Services revised its outlooks on Hungary-based OTP Bank PLC and OTP Mortgage Bank to stable from negative. At the same time, the 'BB+/B' counterparty credit ratings on both entities were affirmed. The outlook revision primarily reflects the
