The two deposits, without auto-renewal option, were opened on Nov 27, mature in March 2024 and carry an annual interest rate of 6.55%.
Romgaz currently has ten deposits at Exim Banca Romaneasca, worth a total RON735 million.
“We mention that, S.N.G.N ROMGAZ S.A has had deposits at Exim Banca Romaneasca 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 November 27, 2023,” the report reads.
Romgaz posted RON6.81 billion turnover in the first nine months of 2023, down 37% from the year-earlier period, and net profit of RON2.16 billion, 3% lower. The company’s total revenues went down by 35%, to RON7.1 billion, while expenses were 62% lower than in 2022, at RON3.1 billion.