Recommendations in force

Recommendations in force

Published: 14/12/2017

Recommendation to mitigate interest rate and interest rate-induced credit risk in long-term consumer loans

In efforts to mitigate interest rate risk for consumers and interest rate-induced credit risk for banks, the CNB adopted a recommendation for credit institutions to mitigate that risk. It is recommended that credit institutions offer clients the possibility of changing loan financing conditions so that consumers having loans with variable interest rates could protect themselves against interest rate risk.