Exposure to cyclical systemic risks, which usually become apparent only after the cycle reversal, increases during the upward phase of the financial cycle. Countercyclical buffer (CCyB) build-up in the upward phase of the financial cycle ensures timely allocation of additional capital. This, in turn, enables credit institutions to absorb losses and maintain lending activity more easily in the downward phase of the financial cycle or in case of a sudden crisis.
Since the introduction of this instrument in 2015, the CCyB rate for all credit institutions in the Republic of Croatia stood at 0%. From 31 March 2023 the buffer rate will be raised to 0.5%, and from 31 December 2023 to 1%.
Decision on the countercyclical buffer rate (OG 148/2022), (16/12/2022)
- Explanation for increasing the countercyclical buffer rate for the Republic of Croatia (December 2022)
METHODOLOGICAL FRAMEWORK FOR SETTING THE COUNTERCYCLICAL BUFFER RATE FOR THE REPUBLIC OF CROATIA
- New indicators of credit gap in Croatia: improving the calibration of the countercyclical capital buffer
- Introducing a composite indicator of cyclical systemic risk in Croatia: possibilities and limitations
- Augmented credit-to-GDP gap as a more reliable indicator for macroprudential policy decision-making
Decision on the countercyclical buffer rate (OG 39/2022), (28/3/2022)
Decision on the countercyclical buffer rate (OG 9/2015), (19/1/2015)