The National Bank of Moldova has set a countercyclical capital buffer (CCyB) rate of 0.5% for relevant credit exposures located in the Republic of Moldova, with the measure applying six months after publication in the Official Monitor of the Republic of Moldova. The Executive Committee recalibrated the CCyB after reviewing the benchmark as at end-Q4 2024, when the private sector credit-to-GDP ratio was 97.8% and the credit-to-GDP gap was +2.7%. Banks must maintain appropriate records of the CCyB rates applicable in each country where they have relevant credit exposures to ensure correct calculation of the institution-specific buffer, and the CCyB rate for Moldova is reviewed quarterly.
National Bank of Moldova 2025-07-30
National Bank of Moldova sets 0.5% countercyclical capital buffer for credit exposures in Moldova
The National Bank of Moldova has set a countercyclical capital buffer rate of 0.5% for credit exposures in Moldova, effective six months post-publication. This decision follows a review of Q4 2024 data, showing a private sector credit-to-GDP ratio of 97.8% and a credit-to-GDP gap of +2.7%. Banks are required to maintain records of applicable CCyB rates for accurate buffer calculations, with the rate reviewed quarterly.