Ownership by and expected extraordinary financial support from the 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 negative outlook on Magyar Takarekszovetkezeti Bank ZRt. (Takarekbank) reflects that on Hungary as well as Standard&Poor's Ratings Service' belief that the financial profiles of Takarekbank and the integrated savings cooperatives could deteriorate in line with weakening domestic economic prospects. We do not expect the link between Takarekbank and the cooperatives to change. We would consider a negative rating action if
