The interest rate is not mentioned in the report and the maturity date is July 21, the report reads.
“We mention that S.N.G.N Romgaz S.A has had deposits at Raiffeisen Bank Romania S.A. with a combined value over a 12-month period exceeding the threshold of 10% of the net turnover related to 2024 financial year,” according to Romgaz representatives, as cited in the report.
Romgaz generated RON951 million net profit in the first quarter of 2025, down 24.6% from the year-earlier period and up 2% against Q4/2024. Turnover reached RON2.38 billion, 4.7% above the level of Q1/2024, while expenses rose by 39.8% to RON1.3 billion. Turnover growth came amid a 14.7% increase in volumes of gas deliveries, with revenues from natural gas sales rising by 4.63% to RON2.09 billion.
SNG shares have gained 33% so far in 2025, triggering a market capitalization of RON26.7 billion.