Budapest, 19 December 2025 – With its latest decision, the MNB will continue to maintain the 1 percent level of the Countercyclical Capital Buffer (CCyB) from 1 January 2027. The capital requirement helps preserve the strong shock-resilience of institutions. The central bank has also reviewed cyclical risks in non-EU (third) countries and the potential need for any related rate requirements.
The cyclical systemic risk map monitored by the MNB and the cyclical systemic risk index summarising its main indicators overall indicate a low, neutral level of cyclical systemic risks in the financial system. Accordingly, setting a requirement exceeding the 1 percent CCyB rate prescribed by the central bank in a neutral risk environment is not justified. The MNB will maintain the 1 percent CCyB rate applicable to domestic exposures from 1 July 2025 also from 1 January 2027 onwards.
In addition to domestic risks, the MNB annually assesses the cyclical systemic risks and the CCyB rates applied by significant non-EU, so-called third countries (Albania, Montenegro, Russia, Serbia, Ukraine, and Uzbekistan) identified in 2025 with respect to the Hungarian banking system. If necessary, the MNB may set a different rate for the exposures of Hungarian banks to counterparties in these countries. According to the MNB’s current assessment, there is no rule-based need for countercyclical intervention in any of these countries; however, the central bank expects banks to apply the rates prescribed by local authorities.
The MNB determines the CCyB rate applicable to domestic exposures on a quarterly basis, reviews the scope of significant third countries in the second quarter of each year, and reassesses the applicable rates in the fourth quarter of each year.
Information on the countercyclical capital buffer and its operation
Magyar Nemzeti Bank