BUSINESS

Central Bank lends EUR 1.24 bln to three banks

The National Bank of Romania (BNR) yesterday lent EUR 5.382 bln (EUR 1.24 bln) to three banks for seven days, in a repo auction at the key interest rate of 5.75 pc a year, Mediafax informs. A bigger loan was extended by BNR on December 27, when the Central Bank granted RON 6.71 bln (EUR 1.56 bln) to six banks. By conducting such operations, BNR offers cash to commercial banks, in exchange of state bonds.

Central Bank lends EUR 1.24 bln
to three banks
The National Bank of Romania (BNR) yesterday lent EUR 5.382 bln (EUR 1.24 bln) to three banks for seven days, in a repo auction at the key interest rate of 5.75 pc a year, Mediafax informs. A bigger loan was extended by BNR on December 27, when the Central Bank granted RON 6.71 bln (EUR 1.56 bln) to six banks. By conducting such operations, BNR offers cash to commercial banks, in exchange of state bonds.

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