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RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of October 31, 2019 No. 270

About approval of rate of the counter-cyclical buffer for podverzhennost from the credits which are in the Republic of Moldova

Based on the item d) parts (1) the Art. 5, parts (1) the Art. 11, the item c) parts (1) Art. 27 of the Law on National Bank of Moldova No. 548/1995, parts (7) Art. 63 of the Law on activities of banks No. 202/2017 and item 5 and item 30 of Regulations about buffers of the capital of banks approved by the Resolution of Executive committee of National Bank of Moldova No. 110/2018, to the Art. published in Monitorul Oficial al Republicii Moldovei, 2018, No. 183-194, 900, proceeding from results of the performed researches and analyses which specify that the indicator variation of Credits/GDP from long-term trend constituted - 32,6 of percent point and the ratio the Credits / quarter GDP seasonally corrected % 76,0 constituted that assumes the current lack of the risks connected with the excessive growth of crediting, the Executive committee of National Bank of Moldova DECIDES:

1. Establish rate of the counter-cyclical buffer for podverzhennost from the credits which are in the Republic of Moldova in the amount of 0% of exposure cost to risk.

2. This resolution becomes effective from the date of acceptance and is published in Monitorul Oficial al Republicii Moldova.

Chairman of Executive committee of National Bank of Moldova

Octavian to Armash

 

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