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MKB Bank ZRT Oct 09 Product Image

MKB Bank ZRT Oct 09

  • ID: 1885780
  • October 2009
  • Standard & Poors

FEATURED COMPANIES

  • Bavaria (State of)
  • Bayerische Landesbank
  • MKB Romexterra Bank S.A.
  • MORE

Abstract
Ownership support. Market position in domestic corporate banking. High systemic importance in Hungary. Deteriorating asset quality and earnings. Heightened credit risks from a rapid rise in unseasoned lending, loan concentrations, and a high proportion of foreign currency lending. Weak capitalization relative to its stand-alone risk profile in difficult markets. The unsolicited public-information ('pi') rating on Hungarian bank MKB Bank ZRT is based on the support expected from MKB's majority shareholder, Germany-based Bayerische Landesbank (BayernLB; BBB+/Negative/A-2). The rating is constrained by economic and industry risks in the Republic of Hungary, which increase the likelihood of severe repercussions on MKB's financial profile (for more details on country risks see "Banking Industry Country Risk Assessment: Hungary (Republic of)," published on Aug. 27, 2009,...

Companies mentioned in this report are:
- MKB Bank ZRT (Unsolicited Ratings)
- Bayerische Landesbank
- Bavaria (State of)
- Bayerische Landesbank Girozentrale (NY Branch)
- MKB Romexterra Bank S.A.
- Bayerische Landesbodenkreditanstalt

Action: Review

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: Full Analysis

Note: Product cover images may vary from those shown

- MKB Bank ZRT (Unsolicited Ratings)
- Bayerische Landesbank
- Bavaria (State of)
- Bayerische Landesbank Girozentrale (NY Branch)
- MKB Romexterra Bank S.A.
- Bayerische Landesbodenkreditanstalt

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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