Macroprudential measures – Portugal

The Portuguese macroprudential authority decided to set a 4% sectoral systemic risk buffer rate on IRB retail exposures secured by residential immovable property for which the collateral (immovable property) is located in Portugal.

The Czech National Bank is not reciprocating this measure, as the relevant exposure of domestic banks is immaterial in relation to the materiality threshold. However, the Czech National Bank will continue assessing relevant exposures and stands ready to amend its decision if necessary.

Prague, 21 August 2025