Home / BUSINESS / FINANCIAL / BANKS / 3-month ROBOR Index down to 2.07pc

3-month ROBOR Index down to 2.07pc

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, fell to 2.07% on Thursday, down from 2.09% on Wednesday, according to the figures released by the National Bank of Romania (BNR).

The 6-month ROBOR Index, used to calculate interest rates on mortgage loans, remained at the same level of 2.42% as the day before. 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 also remained steady at 2.48%.

The 12-month ROBOR Index has increased to 2.53%, up from 2.52% on Wednesday.

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 in the case of loans in national currency.

About Valeriu Lazar