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RON loans rates in accelarated growth, as 3-mo ROBOR index hits record high

3-month ROBOR Index resumes upward trend, other indices go down

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has climbed on Monday to 2.75% per annum, up from 2.74% on Friday, according to the figures released by the National Bank of Romania (BNR).

Early last week the index was 2.54% and grew to 2.75% on Thursday, taking one small step down on Friday to 2.74%.

The 6-month ROBOR Index, used to calculate interest rates on mortgage loans, fell on Monday to 2.88%, down from 2.88% per annum on Friday. In early January the 6-month ROBOR Index was 2.05%, in the similar period in 2017 the index was 0.87%.

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 gone down to 2.90%, against 2.91% in the previous session.

The 12-month ROBOR Index has also decreased to 2.96%, down from 2.97% per year in the previous session.

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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