In Fridayʼs report Moodyʼs said it sees the banking sectorʼs operating environment stabilizing in the coming 12-18 months.
“We expect that the operating conditions for Hungarian banks will improve in 2015-16, amid relatively strong economic growth and a shift in the governmentʼs policy stance towards banks,” said Armen Dallakyan, a senior analyst at Moodyʼs. Moodyʼs said the improvements in banksʼ operating environment would help them return to profitability and stabilize their credit fundamentals, “albeit at weak levels”.
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