For a RON200 million deposit maturing on October 25, 2022, it is applied an interest rate of 8.4% per annum, for a deposit of RON50 million maturing on November 14, 2022 it is applied an interest rate of 8.65% per annum and for a deposit of RON40.44 million maturing on November 28, 2022 it is applied an interest rate of 8.8% per annum.
“We mention that, S.N.G.N ROMGAZ S.A has had deposits at CEC BANK S.A. with a cumulative value over 12 months exceeding the materiality threshold of 5% of the net asset value, and 10% of the net turnover related to 2021 financial year. Some of these deposits matured before September 26, 2022,” the company said in the report.
ZF calculations show that for the three deposits Romgaz will cash as much as RON2 million.
Romgaz has a market value of RON15.1 billion and its shares have gained 0.9% on the stock market since the beginning of 2022, amid deals worth RON458.8 million, as per stock market data. The company is 70% owned by the Romanian State.
The company had a net profit of RON1.7 billion in the first half of 2022, up 127% on the year, and its turnover tripled to RON7.5 billion, in line with its half-year financial report.