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FINANS DAILY |
TREASURY DIVISION
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October 26, 2005 |
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"The best time to invest is when you have money.This is because history suggest it is not timing which
matters,but time." - Sir John Templeton
FOREX MARKET
On Tuesday, the euro rallied against the USD, on the back of uncertainty regarding Feds future policy and
also due to US Consumer Confidence dropping to 85 vs. 88 expected, a new two-year low. The EUR/USD
exchange rate climbed until 1.2117, while the greenback stands under increasing pressure. Today, the pair
spurred until 1.2140, however by noon the EUR/USD seemed to have stabilized around 1.2070/80 levels. We
set the first support level at 1.2050, but it is most probable that the EUR/USD will go further towards 1.2160.
On October 25th, the euro recovered from Mondays weakness on the Romanian forex market, as well, going
higher to 3.6080. On Wednesday, the European currency maintained its gains from the previous day,
appreciating further until 3.6150 the most. By the end of the trading session, the euro is likely to be quoted at
3.6200, due to the increasing need for euro on the local market.
MONEY MARKET
On the local money market, the overnight interest rates remained in the 0.8-1.5% area. Due to the sharp
decrease of the yields to the deposits on the inter-bank market, the commercial banks reacted by reducing the
interest rates substantially below the inflation. That is why, the clients began to place their surpluses in stocks
or in mutual funds.
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Domestic Markets Foreign Exchange Rates
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NBR
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Daily Change
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Year to Date(%)
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Annualized
|
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EUR/RON
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3.6057
|
0.0074
|
-9.09%
|
-10.98%
|
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USD/RON
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2.9984
|
-0.0134
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3.62%
|
4.43%
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GBP/RON
|
5.3288
|
0.0051
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-5.03%
|
-6.10%
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CHF/RON
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2.3340
|
0.0054
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-9.19%
|
-11.11%
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Interbank Market Interest Rates (%)
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|
|
ON
|
1M
|
6M
|
12M
|
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BUBID
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0.62%
|
1.63%
|
2.81%
|
3.13%
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BUBOR
|
2.03%
|
5.13%
|
6.59%
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6.84%
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LIBOR (EUR)
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2.09%
|
2.11%
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2.28%
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2.43%
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LIBOR (USD)
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3.79%
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4.06%
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4.39%
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4.60%
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Romanian Equities
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|
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Last
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Daily (%)
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BET
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6,616.40
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1.51%
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BET-C
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3,908.71
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1.29%
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BET-FI
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39,941.91
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-0.19%
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RASDAQC
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1,726.59
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1.54%
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Romanian Bonds
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Maturity
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Cupon
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Price
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Daily (%)
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Yield
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10-Nov-05
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11.50%
|
100.23
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0.13%
|
4.53
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27-Jun-08
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10.63%
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118.80
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-0.25%
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3.12
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02-Jul-10
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5.75%
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109.49
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-0.67%
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3.50
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06-May-12
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6.50%
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127.70
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-0.55%
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3.64
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22-Jun-15
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4.125%
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98.04
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-0.85%
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4.37
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Romanian State Government Bonds and T-Bills
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Latest issues
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Auction Date
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Issue Date
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Maturity Date
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Avg. Yield
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RO0508DBNI22
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01 August 2005
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03 August 2005
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03 August 2008
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7.60%
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RO0510DBNI36
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08 August 2005
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10 August 2005
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10 August 2010
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7.48%
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RO0515DBN143
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15 August 2005
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17 August 2005
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17 August 2015
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7.49%
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RO0508DBN155
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15 September 2005
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19 September 2005
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19 September 2008
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7.60%
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RO0505CTN031
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20 September 2005
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22 September 2005
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22 December 2005
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5.33%
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International Equities
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|
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Last
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Daily Change
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Year Low
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Year High
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S&P500
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1,151.74
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-0.24%
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1,137.50
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1,245.04
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DJI
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10,377.87
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-0.07%
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10,215.22
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10,414.13
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NASDAQ
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2,109.45
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-0.30%
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2,037.47
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2,182.83
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XETRADAX
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4,872.97
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-1.07%
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4,838.40
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5,138.02
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NIKKEI 225
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13,395.02
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0.86%
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10,825.39
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13,738.84
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International Market Exchange Rates |
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CURRENCY
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Latest
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Daily Change
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EUR/USD
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1.2131
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1.57%
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GBP/USD
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1.7850
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1.09%
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USD/CHF
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1.2733
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-1.49%
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USD/SEK
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7.8290
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-2.05%
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USD/JPY
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114.94
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-0.63%
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EUR/USD trading rate |
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Support
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Resistance |
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Sup. 1
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1.2050
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Res. 1
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1.2150
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Sup. 2
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1.1980
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Res. 2
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1.2200
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Sup. 3
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1.1950
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Res. 3
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1.2250
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Sup. 4
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1.1920
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Res. 4
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1.2300
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Commodities
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Latest
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Daily ( %)
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GOLD
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472.9
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1.59%
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SILVER
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7.79
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1.70%
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OIL (BRENT)
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58.93
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1.87%
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Interest Rates for Time Deposits of Finansbank (Romania) SA
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|
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1WK
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1M
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3M
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6M
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9M
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12M
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Minimum Amount
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USD
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0.50%
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3.00%
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3.50%
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4.25%
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4.25%
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4.50%
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USD 1,000
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EUR
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0.50%
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3.00%
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3.50%
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4.00%
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4.25%
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4.25%
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EUR 1,000
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RON
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0.50%
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4.0%
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4.5%
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5.0%
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5.0%
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5.50%
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RON 2,000
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Released by FINANSBANK Romania S.A., Splaiul Unirii no.12, Bl. B6 040034, Bucharest. For further information please contact Melania Hancila Treasury & Capital Markets Division, Phone 301 73 42, Fax 318 09 61.
Disclaimer: This report does not represent an investment advice and should not be construed as a recommendation to invest in any kind of investment vehicle. The information in the report is based on sources available to the public and believed to be reliable, and there is no claim that is accurate or complete. Thereafter this information can be changed without notice.
Publicat de FINANSBANK Romania S.A., Splaiul Unirii nr.12, Bl. B6 040034, Bucuresti. Pentru mai multe informatii si intrebari, va rugam contactati Departamentul Trezorerie si Piete de capital - Melania Hancila, Telefon: 301 73 42, Fax: 318 09 61.
Acest buletin are scop informativ si nu reprezinta un sfat sau recomandare de a investi in nici un tip de instrument. Informatiile care stau la baza acestui raport zilnic au o sursa publica, considerata sigura insa, nu sustinem ca este completa. Astfel ca informatiile publicate mai sus se pot schimba fara un anunt prealabil.
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