The Bank of Portugal has confirmed that the countercyclical capital buffer (CCyB) rate applicable from 1 July 2025 will remain at 0% of total risk exposure amount, and that it will increase to 0.75% from 1 January 2026. The decision, taken by the Board of Directors following consultation of the National Council of Financial Supervisors, applies to all credit risk exposures where the counterparty is the domestic private non-financial sector of credit institutions and investment firms in Portugal supervised by Banco de Portugal or the European Central Bank under the Single Supervisory Mechanism. The CCyB rate is reviewed quarterly, and the Bank has published the decision alongside the underlying analysis, indicators and methodological document, as well as information on CCyB rates applicable to exposures to European Union and European Economic Area Member States.
Bank of Portugal 2025-06-30
Bank of Portugal keeps the countercyclical capital buffer at 0% from 1 July 2025 and confirms a rise to 0.75% from 1 January 2026
The Bank of Portugal announced that the countercyclical capital buffer (CCyB) rate will remain at 0% from 1 July 2025 and increase to 0.75% from 1 January 2026. This decision affects credit risk exposures to the domestic private non-financial sector in Portugal and is reviewed quarterly. The Bank has published the decision with supporting analysis and information on CCyB rates for EU and EEA Member States.