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Bank Industry Risk Analysis: Hungary (Republic of) Sep 01
Standard & Poors, Sep 2001
Abstract
Standard & Poor's considers the Hungarian banking system as one of the most stable and progressive in central and eastern Europe (CEE). The system's transition is proving to be successful, despite the high cost (estimated to be 10% of GDP) to the state of rehabilitating many state-owned banks in the early 1990s. The creditworthiness of the banking system is much stronger than several years ago, with many banks reporting satisfactory levels of capitalization and profitability. Asset quality has also improved significantly and problem assets have fallen to more manageable levels. The creditworthiness of some of the major banks rated by Standard & Poor's is underpinned by the strength of the international banks that have become the majority owners (see Table...
Companies mentioned in this report are: Republic of Hungary,K&H Bank (Unsolicited Ratings),ABN-AMRO Magyar Bank Rt.,OTP Bank PLC,Raiffeisen Bank Rt,Central-European International Bank Ltd. (Unsolicited Ratings),UniCredit Bank AG
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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