The National Bank of Hungary kept the countercyclical capital buffer rate for domestic exposures unchanged at 1 percent from 1 July 2027. It concluded that cyclical systemic risks in the financial system remain low to neutral overall, so a requirement above the 1 percent rate set for a neutral risk environment is not warranted. The central bank said the buffer, together with the sectoral Systemic Risk Buffer for real estate market risks, supports banks’ shock-absorbing capacity without restricting lending capacity. Its cyclical systemic risk map and cyclical systemic risk index point to a broadly low, neutral risk environment, although risks linked to real estate exposures have risen because of housing market overvaluation and increased collateral encumbrance. Those risks are being addressed separately through a 1 percent sectoral Systemic Risk Buffer for both housing and commercial real estate segments from 1 January 2026. In its annual review of material third countries for domestic banking system exposures, the central bank left the list unchanged at Albania, Montenegro, Russia, Serbia, Ukraine and Uzbekistan.
National Bank of Hungary2026-06-30
National Bank of Hungary keeps countercyclical capital buffer at 1 percent from 1 July 2027 and leaves material third-country list unchanged
The National Bank of Hungary left the countercyclical capital buffer for domestic exposures at 1 percent from 1 July 2027, judging cyclical systemic risks to be low to neutral overall. It said real estate-related risks are being addressed separately through a 1 percent sectoral Systemic Risk Buffer from 1 January 2026. The list of material third countries remained unchanged at Albania, Montenegro, Russia, Serbia, Ukraine and Uzbekistan.