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3-month ROBOR Index turns upward to 2.90%

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased on Thursday to 2.90%, up from 2.87% in the previous session, according to the figures released by the National Bank of Romania (BNR).

In the similar period last year the index was 1.97% per annum.

The 6-month ROBOR Index, considered in order to calculate interest rates on mortgage loans, has stagnated at 3.20%.

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 increased to 3.34%, up from 3.33%.

The 12-month ROBOR Index has increased to 3.44%, up from 3.42%.

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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