National Bank of Belgium maintains countercyclical capital buffer for credit institutions at 1%

The Belgian economy as a whole has shown resilience in an environment of higher interest rates and the credit and residential property cycles experienced an orderly slowdown. The Belgian financial sector maintained its strong financial position in this economic context.

However, the Bank considers that an additional capital reserve remains necessary, as the fact that short-term uncertainty has substantially diminished does not mean that credit losses cannot increase in the future in certain sub-segments of bank loan portfolios.