The percentage interest rate that applies to the term deposit is 8.65% per annum and the maturity date is June 21, 2023.
“We specify the fact that, on 21.12.2022, SNN has constituted deposits with CEC BANK SA, in the cumulated value of 768.850.000 lei (Appendix no. 1), the amount exceeding 5% of the value of SNN’s net assets, as well as 10 % of the net turnover related to the last annual financial statement”, the report reads.
On Dec 20, 2022, Nuclearelectrica informed its shareholders and investors that it placed with Banca Romaneasca a term deposit without extension in the amount of RON61.4 million, at a percentage interest rate of 8.4%.
The company had a net profit of RON1.94 billion in the first nine months of 2022, up 202.7% versus 2021, and revenue of RON4.9 billion, up 123.6% on the year.
SNN shares have lost 4.7% since the beginning of 2022, amid deals worth RON438.4 million, as per stock market data.
Nuclearelectrica is 82.5% held by the Romanian State and has a market value of RON13.4 billion.