What is IRCC, ROBOR, EURIBOR or LIBOR?

IRCC, ROBOR, EURIBOR and LIBOR are verifiable reference indices and represent the average interest rate for loans in RON, EURO, USD and CHF.

➤ IRCC is the reference index for RON loans granted to individuals, with variable interest, and which, starting from May 2, 2019, according to GEO 19/2019, replaces the ROBOR index.

➤ ROBOR comes from the Romanian Interbank Offer Rate and represents the average interest rate for loans in RON granted on the interbank market and is set by the N.B.R.

➤ EURIBOR or European Interbank Offered Rate indicates the international interbank interest rate for loans in EURO currency, that is the interest rate at which banks participating in the E.U. monetary area grant each other credits to finance their current operations.

➤ LIBOR or London Inter-bank Offered Rate is the index used in the case of loans granted to banks on the London market. It is mainly used for loans in USD (US Dollars) and CHF (Swiss Franc).

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The most used are Euribor 3M (at 3 months) and Euribor 6M (at 6 months), and they are updated daily on the platform Tariffe Euribor.