MNB leaves countercyclical capital buffer at 0%

The National Bank of Hungary (MNB) has left the rate of its countercyclical capital buffer (CCyB), established last year to mitigate the impact of future financial crises, at 0%, Hungarian news agency MTI reported.

“Compared to the previous quarterly review, despite the favorable processes observable in the credit market, there is no substantive change in the level and dynamics of cyclical systemic risks,” the MNB said in a statement.

“Foreseeably, no change is expected over the forthcoming one-year horizon, which may support the domestic lending activity of credit institutions,” the central bank added.

The countercyclical capital buffer is set at 0-2.5% of total risk-weighted assets each quarter in an MNB decree.

Banking

Nagy Asks for Banks’ Cooperation on Workers Credit, Home Loan Rates

Art

Contemporary Korean Art Moves to Clark Ádám Tér

Government

Forecasts Accurate So Far, Key to Flood Defense, Orbán Says

Interview

Building a Culture of Excellence at Hotel Clark

SUPPORT THE BUDAPEST BUSINESS JOURNAL

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.