14.09.2026.

Countercyclical capital buffer (CCyB) rate for the Republic of Serbia kept at 0.5%

The NBS Executive Board, at its meeting of 11 June 2026, decided to keep the countercyclical capital buffer (CCyB) rate for the Republic of Serbia at 0.5%.

Within its competence of determining measures and activities for the maintenance and strengthening of financial system stability and pursuant to the Decision on Capital Adequacy of Banks  (RS Official Gazette, Nos 103/2016, 103/2018, 88/2019, 67/2020, 98/2020, 137/2020, 59/2021, 67/2022, 137/2022, 48/2023, 110/2023, 102/2024, 41/2025, 70/2025, 101/2025 i 104/2025 – correction), the NBS calculates on a quarterly basis the guide for setting the CCyB rate for the Republic of Serbia.

In line with the applicable guidelines and recommendations of the European Systemic Risk Board, the guide for setting the CCyB rate is the deviation of the share of loans (domestic and cross-border) in GDP from its long-term trend. According to data from June 2026, the share of total loans in GDP stood at 77.9%, while the estimated value of the deviation of this share from its long-term trend was 2.4 pp.

Serbia’s banking sector is highly capitalised, liquid and profitable and by maintaining the CCyB rate the NBS acts toward strengthening financial stability, especially amid heightened global uncertainties. By maintaining the countercyclical capital buffer an additional capital buffer is created that may be released in case of materialisation of certain risks, in order to preserve the resilience of Serbia’s banking sector.

Additional information and the explanation on the countercyclical capital buffer can be found on the NBS webpage: Objectives and functions/Financial stability, Capital buffers.

Financial Stability Department