Tightly integrated in the Savings Cooperative Group Hungary, with a joint protection scheme for all member banks. Wide deposit base and sizable balance sheet liquidity. Continued group transformation remains a challenge. Weak capacity to generate internal capital because of low profitability and poor cost efficiency. Complex and decentralized group structure with negative impact on risk management standards at some member banks. The stable outlook on Hungary-based Magyar Takarekszovetkezeti Bank ZRT. (Takarekbank) reflects S&P Global Ratings' view that the bank will remain core to the Savings Cooperative Group Hungary and that the group's financial profile, including funding, liquidity, and capital metrics, will remain steady over the next 12 months. We expect that the success of the group's five-year strategy will improve
