For the RON88 million deposit maturing on July 25, 2023, it is applied an interest rate of 6.4% per annum.
“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 May 02, 2023,” the report reads.
Romgaz had a net profit of RON2.5 billion in 2022, up 32.9% on the year, and a turnover of RON13.4 billion, up 128.6% from 2021. Its debts surged 87% to RON4.3 billion.
Romgaz is 70%-owned by the Romanian State through the Energy Ministry.