The National Bank of Moldova has kept the countercyclical capital buffer (CCyB) rate for credit exposures located in the Republic of Moldova at 0%, under an Executive Committee decision dated 28 March 2025. The review took into account the CCyB reference indicator as of end-Q3 2024. In Q3 2024, the private sector credit-to-GDP ratio was 91.7% and the credit-to-GDP gap was negative at -3.5%, which the National Bank of Moldova assessed as indicating no cyclical systemic risks linked to excessive credit growth. For the correct calculation of the institution-specific CCyB, banks are required to maintain appropriate records of CCyB rates applicable in the countries where they have relevant credit exposures. The CCyB rate for the Republic of Moldova is reviewed on a quarterly basis.
National Bank of Moldova 2025-04-09
National Bank of Moldova maintains the countercyclical capital buffer for domestic credit exposures at 0%
The National Bank of Moldova has maintained the countercyclical capital buffer (CCyB) rate at 0% for credit exposures in the Republic of Moldova, citing no cyclical systemic risks from excessive credit growth. The Q3 2024 private sector credit-to-GDP ratio was 91.7% with a negative credit-to-GDP gap of -3.5%. The CCyB rate is reviewed quarterly.