Dominant retail market position in Hungary, with a solid domestic retail deposit base. High net interest margins, which serve as a buffer against elevated impairment costs. High liquidity cushion. High credit risk abroad, notably in Russia and Ukraine. Still-sluggish credit demand in Hungary. Ongoing pressure on economic and industry conditions in the eurozone and the riskier Central and Eastern Europe markets in which OTP Bank operates. S&P Global Ratings' outlook on Hungary-based OTP Bank and its subsidiary OTP Mortgage Bank is stable. We base the stable outlook on our anticipation that the group's business and financial profiles will remain commensurate with the current ratings over the next 12 months, all else remaining equal. The likelihood of a positive rating action
