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3-month ROBOR Index down below 2pc

3-month and 6-month ROBOR Indices on downward trend

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased slightly to 3.36% on Tuesday, down against 3.38% on Monday, according to the figures released by the National Bank of Romania (BNR).

Early this year the index was 2.05%.

The 6-month ROBOR Index, used to calculate interest rates on mortgage loans, has also decreased to 3.45%, down from 3.46% on Monday. In early January the 6-month ROBOR Index was 2.05%.

The 9-month ROBOR Index, representing the interest rate paid for the loans in RON attracted by the commercial banks from other commercial banks for a nine months period, has stagnated at 3.48% per annum.

The 12-month ROBOR Index has stagnated at 3.53%.

ROBOR (Romanian Interbank Offer Rate) is the average interest rate for loans in national currency granted on the interbank market, and the increase of this indicator will lead to an increase of instalments for loans in national currency.

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