Home / BUSINESS / FINANCIAL / BANKS / 3-month and 6-month ROBOR indices stagnate

3-month and 6-month ROBOR indices stagnate

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has stagnated on Friday at 3.10%, according to the figures released by the National Bank of Romania (BNR).

Early this year the index was 2.99% per annum. In the similar period last year the index was 1.99% per annum.

The 6-month ROBOR Index, considered in order to calculate interest rates on mortgage loans, has also stagnated at 3.30% per annum.

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.

About Romania Journal