Moody's: Outlook for Hungarian banking system positive

Deniz Kılınç / İstanbul, May 11 (DHA) – Moody’s Investor’s Service has stated that it is keeping its outlook on the Hungarian Banking System at positive for a second year running.
According to Moody’s the decision on the outlook is “reflecting an improving operating environment in Hungary that will bolster banks’ loan quality and support profitability”.
The rating agency stated that the rising domestic consumption underpinned by improving household purchasing power, as well as private European Union-backed investment, “will support continued economic growth”. Moody’s ezpects real GDP to expand 3.1 percent in 2018 and 2.5 percent in 2019, slightly below 3.5 percent in 2017.