Finance Ministry borrowed today RON 959 million from commercial banks

Newsroom 21/02/2011 | 17:31

The Finance Ministry has borrowed today about RON 959 million from commercial banks, through a discount treasury certificates emission. The state titles are due in one year and the average yield reaches 6.88 percent.

The total value of the emission was of RON 1.5 billion, while the demand from all 12 banks which participated at the auction was of RON 2.44 billion.

At the auction participated Alpha Bank Romania, BRD – Groupe Societe Generale, Banca Comerciala Carpatica (BCC), Banca Comerciala Romana (BCR), Banca Transilvania, Bancpost, CEC Bank, Citibank Romania, ING, Raiffeisen Bank, RBS Bank Romania and UniCredit Tiriac Bank.
The Finance Ministry borrowed from the local market about RON 41 billion last year, while in 2009 the ministry gathered RON 65 billion from commercial banks. Only in January this year, the credits volume reached RON 7 billion.