Tight integration into the Savings Cooperative Group Hungary, with a joint protection scheme for all member banks. Solid capitalization following the government's contribution to group capital in 2013. Wide deposit base and sizable balance sheet liquidity. Continued transformation of the group remains a challenge. Weak capacity to generate internal capital, due to some loss making savings cooperatives and the group's high cost base. Asset quality that is weaker than peers operating under similar economic risks and with a similar product mix. Geographic concentration in Hungary, with high exposure to Hungarian sovereign debt. S&P Global Ratings' positive outlook on Hungary-based Magyar Takarekszovetkezeti Bank ZRT. (Takarekbank) reflects its view that the creditworthiness of the Savings Cooperative Group Hungary, of which Takarekbank is
