The NBM maintained the countercyclical buffer rate for exposures from credits placed in Moldova at 0%.
The National Bank informed about it, noting, in particular, that its Executive Committee set the countercyclical buffer rate for exposures from credits placed in Moldova, taking into account the indicative system for buffer at the end of Quarter III, 2021. Thus, in Quarter III, 2021, the Loan/GDP ratio stood at 93.9%, while the deviation of the Loan/GDP ratio from its long-term trend has a negative value of 10.1%. The level of the Loan/GDP ratio indicates the absence of cyclical systemic risks associated with excessive credit growth, which supports the decision to maintain the countercyclical buffer rate for relevant Moldovan exposures at 0%. At the same time, in order to properly calculate the countercyclical capital buffer inherent to the bank, banks should ensure adequate consideration of the countercyclical buffer rates applied to the states that have relevant exposures from loans. The decision was based on analyses and studies conducted by the NBM aimed at assessing potential risks for the banking sector. The frequency of countercyclical buffer revision for Moldova is quarterly. The Decision of the Executive Board of NBM regarding the establishment of the countercyclical buffer rate for exposures from credits in Moldova entered into force on the date of adoption, and was published in Monitorul Oficial (the Official Journal of Moldova). // 10.03.2022 - InfoMarket.
