Budapest, 30 March 2026 – With its latest decision, the MNB left unchanged the 1 percent level of the Countercyclical Capital Buffer (CCyB) rate from 1 April 2027. The capital requirement along with the sectoral Systemic Risk Buffer maintains the strong shock absorbing capacity of banks without hindering bank lending capacity.
The cyclical systemic risk map (CSRM) monitored by the MNB and the cyclical systemic risk index (CSRI) summarising its main indicators overall indicate a low, neutral level of cyclical systemic risks in the financial system, with real estate market risks increasing.
Accordingly, setting a requirement exceeding the 1 percent CCyB rate prescribed by the central bank in a neutral risk environment is not justified. The level of financial stress has increased due to rising geopolitical tensions, but it is still far from the level that would indicate the release of the capital buffer. In view of all this, the MNB will maintain the 1 percent CCyB rate applicable to domestic exposures from 1 July 2025 also from 1 April 2027 onwards.
The MNB addresses the persistent, substantial overvaluation of the housing market and the risks surrounding the commercial real estate market in a targeted manner, by applying a 1 percent sectoral Systemic Risk Buffer (sSyRB) to both segments from 1 January 2026.
The MNB determines the CCyB rate applicable to domestic exposures on a quarterly basis.
Information on the countercyclical capital buffer and its operation
Magyar Nemzeti Bank