Macroprudential Commentary – March 2022
As lending has gathered pace, so imbalances have been rising
The countercyclical capital buffer rate remains at 1.0%
If current trends continue, Národná banka Slovenska will in the next quarter consider raising the buffer rate
Read about the following in the latest Macroprudential Commentary:
- Tensions are rising in the credit and property markets, together with signs of risk underestimation.
- With inflation rising and interests at low levels, households are borrowing more and saving less.
- Firms increasingly need loan financing for their working capital growth and for investment purposes.
- Neither banks nor firms have so far been significantly affected by the war in Ukraine. Adverse effects may, however, come later.
- Despite falling slightly early in 2021, the banking sector’s capital position has remained adequate.
Also in this edition:
- The war in Ukraine’s potential impact on the financial sector (Box 1, page 6)
- Twelve European countries already have a non-zero CCyB rate (page 9)
Key indicators as at February 2022:
|Growth in loans to households:||9.5%|
|Growth in housing loans:||11.8%|
|Growth in consumer credit:||-4.2%|
|Non-performing loan ratio for household loans:||2.1%|
|Growth in loans to non-financial corporations:||4.5%|
|Non-performing loan ratio for NFC loans:||3.1%|
Macroprudential Commentary (PDF)
Countercyclical capital buffer indicators
Macroprudential Commentary indicators