IRCC
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Social/Politics
Government Replaces ROBOR with New Reference Index for State-Sponsored Lending Programs
Romania's government on Thursday adopted a draft decree replacing the reference index used to calculate variable interests on state-sponsored lending programs, finance minister Eugen Teodoro...
Banks-Insurance
Isarescu Warns New Loan Reference Index Won't Work Miracles
The new reference index for consumer loans, introduced in May, shouldn't be regarded as a miracle that will bring justice to everyone because the market is competitive and banks may set thei...
Banks-Insurance
Consumer Loan Reference Index, Replacing ROBOR, Stands At 2.36%
The consumer loan reference index, regulated by government emergency ordinance no. 19 of 2019, stands at 2.36% for the fourth quarter of 2018, according to the central bank.