London, 26 July 2016 -- Moody's Investors Service has today upgraded the ratings of four Hungarian banks. This concludes the review for upgrade initiated on 29 June 2016. For further information on this rating action, please refer to Moody's press release (https://www.moodys.com/research/Moodys-places-four-Hungarian-banks-ratings-on-review-for-upgrade--PR_351304). The review was prompted by the rating agency's change of its Macro Profile for Hungary to "Moderate-" from "Weak+". The strengthening of the Macro Profile is driven by the improvement in the Hungarian banks' operating environment, in particular the gradual recovery in credit demand which should support banks' lending growth and revenues after several years of loan book contraction.
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