Systemic risk buffer (in force from 1 January 2025)
Systemic risk buffer (in force from 1 January 2025)
The Governing Board of Banka Slovenije first adopted the requirement to maintain a sectoral systemic risk buffer at its 61st correspondence meeting on 29 April 2022 (Official Gazette of the Republic of Slovenia, No. 60/22). At its 713th meeting on 21 November 2023, it amended the decision (Official Gazette of the Republic of Slovenia, No. 131/23), reducing the systemic risk buffer rate for all retail exposures to natural persons secured by residential real estate from 1.0% to 0.5% of the total risk exposure amount.
As of 1 January 2025, the requirement for all banks to maintain a systemic risk buffer for sectoral exposures in the Republic of Slovenia referred to in the first and second indents of point 4 of the first paragraph of Article 247 of the ZBan-3 therefore amounts to:
0.5% for all retail exposures to natural persons secured by residential real estate;
0.5% for all other exposures to natural persons.
At its 767th meeting on 16 June 2026, the Governing Board of Banka Slovenije confirmed the results of the regular review of the calibration of the sectoral systemic risk buffer (sSyRB). Banka Slovenije assesses that the buffer rates remain appropriate and should be kept unchanged.
The calibration assessment is based on a selected set of indicators capturing vulnerabilities in household lending and the real estate market, complemented by expert judgement. The analysis shows that risks are currently manageable and do not require a change in the current calibration of the sSyRB, although some vulnerabilities are gradually increasing. Within the macroprudential restrictions on household lending, which the sSyRB complements as a capital-based instrument, the share of loans granted using permitted exemptions from the DSTI limit remains low and below the permitted threshold. The credit quality of the household portfolio is good, while realised losses on exposures secured by residential real estate remain low. At the same time, risks in the real estate market have increased somewhat recently, mainly due to accelerated growth in housing loans and the continued overvaluation of residential real estate.
Banka Slovenije assesses that the sSyRB continues to be an important preventive instrument that contributes to strengthening banks’ resilience to the potential materialisation of sectorally concentrated risks. Banka Slovenije will continue to regularly monitor risk developments and, if necessary, adjust the calibration of the instrument.