The 3-month ROBOR index, which calculates consumer borrowing costs at ROLs with variable interest, fell yesterday to 3.26%, from 3.29%, followed by indices to 6.9 and 12 months, according to data provided by National Bank of Romania (BNR). The 6-month ROBOR index, used to calculate interest rates on variable-yield loans, fell yesterday to 3.49%, from 3.50%. The 9-month ROBOR index, representing the interest rate paid on loans in the ROL denomination of commercial banks from other commercial banks for the nine-month period, fell yesterday to 3.56% from 3.58%. Also, the 12-month ROBOR index, representing the interest rate paid on credit levied by commercial banks from other commercial banks for the 12-month period, dropped to 3.61% from 3.64% on Monday. The ROBOR represents the average interest rate at which Romanian banks borrow between them in lei. The index is set every day as the arithmetic average of the interest rates quoted from the 10 banks chosen by the NBR.
Articles published in the print edition of Ziarul Financiar dated 06.11.2018