The annual interest rate is 6.1% and the maturity date is January 8, 2025.
The report shows that Hidroelectrica set up five deposits of RON200 million each and another one in the amount of RON100 million. These deposits were constituted on May 20, 2024 and reached maturity on June 26, 2024.
“Hidroelectrica informs the shareholders and investors about the conclusion, on 27 June 2024, of several transactions between Hidroelectrica and Exim Banca Romaneasca, whose cumulated value with the rest of transactions concluded/executed in the period 8 May – 27 June 2024, exceeds the threshold of 5% of Hidroelectrica’s net assets, according to the FY 2023 separate financial statements, respectively exceeds the value of RON1,251,850,050”, as per the report.
At the end of May 2024, Hidroelectrica revised its 2024 budget, expecting net profit of RON4.15 billion, 14.2% lower than previously approved and 34.4% lower than last year’s net profit, according to calculations by Ziarul Financiar (ZF) daily.