Fitch pointed to Belgian owner KBC's "high propensity" to support its Hungarian subsidiary, the country's third-biggest lender by assets.
"The bank's business model has been largely resilient to various shocks through the economic cycles and is underpinned by its established franchise that allows the bank to attract better-quality customers," Fitch said.
"Its strength lies also in a diversified business mix providing sustainable earnings streams," it added.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
