How is ROBOR/IRCC calculated?
First of all, it is good to know that starting from May 2, 2019, in the case of variable interest loans in RON granted to natural persons, the ROBOR index has ...
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 ...
What was the evolution of ROBOR?
Over time, there have been periods when ROBOR has decreased and periods when it has increased. 😊 You can find more here about the ROBOR evolution in the last ...
What is IRCC?
IRCC is the reference index for loans with variable interest granted in LEI and which, starting from May 2, 2019, according to Emergency Ordinance 19/2019, replaces ...
Why are interest rates correlated with ROBOR?
It is simple: it was the decision of the Romanian State, which in 2010 legislated through Emergency Ordinance 50 (EO 50) the conditions under which loans can be granted. 🙂Thus, ...
Is the Prima Casă loan calculated based on the IRCC or Robor index?
The Prima Casă loan is linked to the IRCC index. 🙂 IRCC is the reference index for variable interest rate loans granted in LEI and which, ...
How is the IRCC index calculated?
The reference index for loans granted in lei with variable interest rate is published every working day on the website of the National Bank of Romania. ...
How many quotations do the ROBOR indices have?
The most commonly used indicators by banks for setting the level of variable interest rates for lei are ROBOR 3M (3 months) and ROBOR 6M (6 months).What type of ...
Is there a possibility that the IRCC index is higher than ROBOR, thus the loan costs will increase and not decrease?
Given that the IRCC index was recently introduced in legislation, it cannot be said with certainty what its evolution will be, the current trend is ...
How do ROBOR / IRCC influence interest rates?
Variable interest rates in RON are influenced by ROBOR 6M / IRCC because they are composed of ROBOR 6M / IRCC + a fixed margin of the bank. 🙂In the case of loans with ...
What are the factors that influence the evolution of ROBOR?
ROBOR fluctuates depending on economic conditions, inflation rate, and the money available in the banking market. Banks have no interest in influencing ...
Is IRCC smaller than Robor?
Well, IRCC was introduced recently, on May 2, 2019, so it cannot be said with certainty what its evolution will be. The first value for IRCC, ...