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3-month ROBOR Index – one more step upwards to 3.15pc

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased to 3.15% on Wednesday, up from 3.14% on Tuesday, according to the figures released by the National Bank of Romania (BNR).

A higher value was registered on May 7, 2014, of 3.16%.

Early this year the index was 2.05%, in the similar period last year it was 0.84%.

The 6-month ROBOR Index, used to calculate interest rates on mortgage loans, has decreased to 3.23%, down from 3.24% in the previous session. 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 decreased to 3.25%, down from 3.26% in the previous session on Tuesday.

The 12-month ROBOR Index has soared to 3.31%, up from 3.30% on Tuesday.

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 Victor Lupu