ROL's 3-month ROBOR index, which calculates the variation of consumer lending in the ROL, dropped to 3.29% yesterday, 3.29%, followed by an index of 6.9 and 12 months, according to the Romanian National Bank (BNR). The ROBOR 6-month index, used to calculate interest rates on variable yields, has dropped from 3.5% to 3.5% yesterday. The ROBOR 9-month index of commercial banks paying interest rates from commercial banks over nine months reduced from 3.58% to 3.56% yesterday. The ROBOR 12-month index, which represents interest rates for leverage loans attracted by commercial banks from other commercial banks for a period of 12 months, dropped from 3.64% to 3.61% on Monday. ROBOR represents the average interest rate borrowing rate among Romanian banks. The index is set daily as the average arithmetic mean of the nominal rates of 10 banks selected by the NBR.
The article was published in the Ziarul Financiar edition on 06.11.2018