The National Bank of Serbia (NBS) announced that its Executive Board has decided to keep the countercyclical capital buffer rate for Serbia at zero percent.
The NBS explained that this decision reflects its ongoing support for the credit market amidst the tightening of global financial conditions and the uncertain global environment. The central bank reminded that its role includes determining measures and activities to preserve and enhance the stability of the financial system. As part of this, the NBS calculates a reference indicator quarterly, which is used to determine the countercyclical capital buffer rate. This calculation is based on the deviation of the ratio between total loans and gross domestic product (GDP) from its long-term trend.
According to the latest data from September 2024, the share of total loans in GDP stood at 71.9 percent, with the deviation from the long-term trend estimated at -0.1 percentage point, as highlighted in the NBS press release.
