The NBS Head Office Building was built from 1888 – 1890, on the basis of blueprints designed by Konstantin Jovanovic (Vienna 1849 – Zurich 1923), son to distinguished artist Anastas Jovanovic...
16/06/2020
At its meeting of 11 June 2020, the NBS Executive Board decided to keep the countercyclical buffer rate for the Republic of Serbia at 0%, in order to support credit activity of banks and mitigate the negative consequences of the pandemic on the terms of financing of corporates and households.
As part of its responsibility to set measures and activities aimed at maintaining and strengthening financial stability, and based on the Decision on Capital Adequacy of Banks (RS Official Gazette, Nos 103/2016, 103/2018, 88/2019 and 67/2020), the NBS calculates on a quarterly basis the reference guide based on which it sets the CCyB rate for the Republic of Serbia.
The reference guide is calculated based on the deviation of the credit-to-GDP ratio from its long-term trend. According to March 2020 data, the credit-to-GDP ratio was 78.7%, while the estimated credit-to-GDP gap was -4.2 pp. While showing an upward tendency, this gap is still below its long-term trend.
Additional information about the CCyB and the explanation for the above decision are available on the NBS website, under Financial Stability, Capital Buffers.
Financial Stability Department
