For the RON44 million deposit maturing on October 25, 2023, it is applied an interest rate of 6.60% per annum, the report reads.
“We mention that, S.N.G.N ROMGAZ S.A has had deposits at EXIMBANK 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 2022 financial year. Some of these deposits matured before July 31, 2023”, in line with the report.
SNG shares have gained 9% so far in 2023, but have lost 13.7% over the last 12 months.
Romgaz is 70%-owned by the Romanian State through the Energy Ministry.