commercial banks

The Ministry of Public Finance (MFP) borrowed RON 990.1 million from banks on Monday through a benchmark government bond issue with a residual maturity of 60 months at an average yield of 4.29% per annum, the National Bank of Romania (BNR)…

ROBOR has nothing to do with reality, it is an index resulted from arrangements between commercial banks, under the wing of BNR, this is the preliminary conclusion drawn by the Senate’s Economic Committee, which has conducted an…

The Finance Ministry has borrowed on Monday RON 334.1 million from commercial banks, with an interest rate of 4.5% per annum, in a state bond issue with residual maturity of 86 months. According to National Bank of Romania (BNR) figures,…

Finance Minister Eugen Teodorovici has announced on Tuesday he has decided that the ministry will not take any more loans from the domestic market, adding that the treasury has the needed amounts of money for at least six months. The…

The Finance Ministry has tried to get loans on Monday amounting to RON 400 million from commercial banks on the domestic market. The 7 primary dealers submitted several offers of about 30% of the demanded amount, but the ministry turned…

The national currency has dropped steeply on Wednesday, setting another historic low against the European single currency to 4.7569 units, by which EUR is by 0.91% higher than on Tuesday, according to the exchange rate from the National…

Romania has no more room to increase the debt by accumulating budget deficits, given that the maximum level that the local economy can sustain is 40-45% of GDP at the most. The local banking system, the largest financier of the public debt,…

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased to 2.90% on Monday, up from 2.89%, according to the figures released by the National Bank of Romania (BNR). A higher level was…

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased to 2.85% on Monday, according to the figures released by the National Bank of Romania (BNR). A higher level was registered on…

The 3-month ROBOR Index, depending on which the cost of variable-yield loans is calculated, has continued to grow on the interbank market on Tuesday, reaching 2.82% per annum, up from 2.79% on Friday, the National Bank of Romania (BNR)…