The National Bank of Serbia published its quarterly countercyclical capital buffer assessment, confirming the Executive Board’s June 11 decision to maintain the rate at 0.5 percent. The decision preserves an additional capital buffer that can be released if risks materialize, supporting banking-sector resilience amid heightened global uncertainty. Total domestic and cross-border loans stood at 77.9 percent of gross domestic product in June 2026, with the credit-to-GDP ratio 2.4 percentage points above its long-term trend. This compares with a 4.6 percentage-point gap in the previous quarterly assessment, when total credit was 79.6 percent of GDP.
2026-09-14National Bank of Serbia
National Bank of Serbia keeps countercyclical capital buffer at 0.5 percent as credit gap narrows
The National Bank of Serbia kept the countercyclical capital buffer rate at 0.5 percent. Total loans were 77.9 percent of GDP in June 2026, while the credit-to-GDP gap narrowed to 2.4 percentage points from 4.6 percentage points in the previous quarterly assessment.