BURSA DE VALORI BUCUREȘTI SA

BURSA DE VALORI BUCUREȘTI SA

About BURSA DE VALORI BUCUREȘTI SA

The Bucharest Stock Exchange SA (BVB), the most important institution of the local capital market, organizes and manages the regulated markets of financial instruments under European standards. BVB became a corporation in 2005, and listed on the stock exchange on June 2010.

BVB is part of the BET index calculation, which is the most important index of Romanian capital market. However, the company is part of other local indexes and indexes which follow the trend of other listed stock exchanges as well, like FTSE / Mondo Visione Exchanges or Dow Jones Global Exchanges.

Bucharest Stock Exchange is managing two types of markets, the Regulated and AeRo market. A company can be listed on one of this markets depending on its dimension, its eldership or the stock percentage which will be traded from its total number of stocks. Nonetheless, the admission procedures are specific for each market.

The Regulated Market

Bucharest Stock Exchange main market is the regulated market, where there are traded stocks and other financial instruments issued by Romanian or International entities, governmental bonds issued by local or national institutes from Romania or international corporative bonds, units in collective investment undertakings, structured products and ETF's. On the regulated market there are traded the shares of some of the most well-known companies from different business sectors in Romania.

The AeRO Market

This market is specific for start-ups and SMEs. The AeRo market was launched on 23rd of February 2015 and its role is to finance the development projects of companies and contribute to increase their visibility. One of the most important advantage that this market offers to the investors is to provide them with stocks in this companies listed on this market can have a fast growth and their return can be really spectacular.

Bucharest Stock Exchange generates profits mainly from trading the listed instruments, from fees perceived from issuers , from administration fees and from selling stock market data to various users.

President: LUCIAN-CLAUDIU ANGHEL

Shareholder structure

Shareholder Shares Percent
alti actionari / others 7,674,198 100.00%
Total 7,674,198 100%

Info provided by: DEPOZITARUL CENTRAL Date: 06/14/2017

Market statistics

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Volume

Dividends

Year Dividend Reference date for GMS GMS date (dividend) Record Date Ex-dividend Date Announcement Date Payment date
2018 1.125930 N/A 04/24/2019 06/07/2019 06/06/2019 03/11/2019 06/27/2019
2017 1.683400 N/A 04/16/2018 05/22/2018 05/21/2018 03/06/2018 06/11/2018
2016 0.920280 03/31/2017 04/12/2017 05/16/2017 05/15/2017 03/03/2017 06/06/2017
2015 0.868700 04/15/2016 04/26/2016 05/17/2016 05/16/2016 03/16/2016 06/06/2016
2014 1.457900 04/17/2015 04/28/2015 06/05/2015 06/04/2015 03/23/2015 06/26/2015

ConFEAS 2019: Financial markets beyond technology

The Bucharest Stock Exchange (BVB) is hosting on June 14 the international capital markets conference of the Federation of Euro-Asian Stock Exchanges, ConFEAS 2019. At its second edition, the event aims to help understand the developing role of today’s markets and market players, and explore what is beyond there for success, by bringing toget ...

Bucharest Stock Exchange goes bullish as the index including the dividends rallies 20 percent in the first five months to an all-time high

• BET-TR index, which includes the dividends paid by the companies included in the main index of the Bucharest Stock Exchange, broke the 13,000-point ceiling in May for the first time in its history, following a 19.8 percent rally this year. • May has witnessed the highest monthly trading volumes for equities so far this year, in excess o ...

2018 Dividend payment

  ANNOUNCEMENT May 31, 2019     Dividend Allocation Procedure Bursa de Valori BucureȘti SA   In accordance with the resolution of the Ordinary General Meeting of Shareholders of April 24, 2019, Bursa de Valori București S.A. (“BVB”) announces that the payment of dividends for 2018 shall be made through Depozitarul C ...

Bucharest Stock Exchange: newly adopted changes to GEO 114 reset the frame for the market to develop

Bucharest Stock Exchange (BVB), a fundamental institution of the capital market, welcomes the Government's decision, which amended several provisions of Government Emergency Ordinance (GEO) 114 regarding the Pillar II pension system so as to provide improved conditions in relation to the legal framework created at the end of last year. We welcome t ...

Information - BVB share allocation

No. 2195/May 24, 2019 To:      Financial Supervisory Authority             Financial Instruments and Investments Sector             Fax: 021- 659.60.51                 Bucharest Stock Exchange – Regulated market               Fax: 021- 256.92.76   From:   Bursa de Valori Bucuresti S.A. (Bucharest Stock Exchange) ...

Shareholding structure as of April 30, 2019

No. 2068/May 17, 2019 To:      Financial Supervisory Authority                                                                   Financial Instruments and Investments Sector             Fax: 021- 659.60.51             Bucharest Stock Exchange – Regulated market             Fax: 021- 256.92.76 From:   Bursa de Valori Bucurest ...

BVB announces the 15 finalist companies of Made in Romania - 3rd edition

• The 15 finalists of Made in Romania project were officially announced and awarded at Made in Romania Gala, 3rd edition• All finalists and semi-finalists of the three editions of the program will benefit in the coming months from a special program dedicated to supporting long-term business development Bucharest Stock Exchange (BVB) offic ...

Q1 2019 financial results

  FINANCIAL REPORT FOR 1Q 2019 The Bucharest Stock Exchange (BVB) saw all its indices post positive returns at the end of the first quarter amid domestic and international uncertainties. The BET index, which includes the most traded 16 listed equities, went up by 9 percent after the first three months, posting a closing value of 8,045 poin ...

Q1 2019 Report availability and conference call details

  AVAILABILITY OF THE FINANCIAL REPORT AS OF MARCH 31, 2019 AND CONFERENCE CALL DETAILS Bucharest Stock Exchange (BVB) informs that the Financial Report as of March 31, 2019 shall be available for shareholders, investors and general public as of May 14, 2019, 8:30AM local time. The printed version shall be available at BVB’s headquarters, ...

BVB organizes the ninth edition of the Individual Investors Forum on May 18th in Cluj-Napoca

• The most important national forum dedicated to financial education will take place on May 18th in Cluj-Napoca, the registration is free of charge and can be done on the website dedicated to this project: www.bvbforum.ro/inscriere • Specialists from the capital markets – representing brokerage companies, investment funds, pension f ...

Press Releases

Q1 2019 financial results

  FINANCIAL REPORT FOR 1Q 2019 The Bucharest Stock Exchange (BVB) saw all its indices post positive returns at the end of the first quarter amid domestic and international uncertainties. The ...

2018 Annual Report

AVAILABILITY OF THE 2018 BVB ANNUAL REPORT Bucharest Stock Exchange (BVB) informs that the Annual Financial Report as of December 31, 2018 shall be available for shareholders, investors and genera ...

Preliminary financial results as of December 31, 2018

PRELIMINARY FINANCIAL REPORT AS OF DECEMBER 31, 2018   Until mid-December 2018, the Bucharest Stock Exchange (BVB) was one of the best performing markets in the region, but closed 2018 with a ...

2018 Q3 financial results

  FINANCIAL REPORT FOR 3Q 2018 Romania was maintained by the FTSE Russell rating agency on the list of countries monitored for a possible reclassification from the Frontier Market to the Seco ...

Half-year financial results as of June 30, 2018

HALF-YEARLY FINANCIAL RESULTS AS OF JUNE 30, 2018 The first half of the year brought on Bucharest Stock Exchange (BVB) two companies listings, two bond issues, a market reshuffle, but with an inc ...

2018 Q1 financial results

  FINANCIAL REPORT FOR Q1, 2018 The Bucharest Stock Exchange (BVB) closed the first quarter with a 12.4% increase in the BET index, the main index of the local stock market, which includes th ...

2017 Annual Report

AVAILABILITY OF THE 2017 BVB ANNUAL REPORT Bucharest Stock Exchange (BVB) informs that the Annual Financial Report as of December 31, 2017 shall be available for shareholders, investors and genera ...

Preliminary financial results as of December 31, 2017

  The Bucharest Stock Exchange (BVB) had one of the most dynamic years in its history in 2017, marked by the listing of four new private companies on the main market of the BVB and by the efferves ...

2017 Q3 financial results

QUARTERLY REPORT AS OF 30 SEPTEMBER 2017 The Bucharest Stock Exchange (BVB) recorded for the first nine months of 2017 a traded value on all markets of RON 10.88 bn, up by 33% compared with the sa ...

Half Year Financial Report as of June 30, 2017

  HALF YEAR FINANCIAL REPORT AS OF JUNE 30, 2017 The Bucharest Stock Exchange (BVB) had the best quarter of the last two years, in terms of trading value in all markets, with new public offeri ...

Annual financial information

2016 2017
Operating income 2,385,532,000
Net interest income 1,422,253,000
Net fee and commission income 718,232,000
Interest income 1,828,226,000
Loans and advances to customers 26,376,425,000
Debt securities issued 348,037,000
Property and equipment 858,965,000
Deposits from banks 781,180,000
Deposits from customers 41,191,873,000
Share capital 2,515,622,000
Financial assets available for sale 9,190,919,000
Total assets 49,192,866,000 95,949,598
Profit for the year 7,500,525 7,500,525
Profit before tax 532,916,000 8,762,041
Total liabilities 43,211,677,000 2,293,186
Interest expense 405,973,000
Operating expenses 1,221,467,000 14,042,747
Cash and cash equivalents 8,819,899,000 1,603,833
Total equity 5,981,189,000 95,749,703
Total Revenues 24,944,577
Deferred Income 828,658
Total Financial Income 5,191,652
Operating Income 19,752,925
Interest Income 2,487,365
Income From Associated Entities 39,557
Financial Results 3,051,863
Operating Result 5,710,178
Employees 46
Shortterm Financial Investments 18,381,509
Total Capital Assets 4,790,411
Total Current Liabilities 2,293,186
Trade Payables 581,290
Total Receivables 1,558,356
Sales 19,442,496
Total Expenses 16,182,536
Prepaid Expenses 196,475
Total Financial Expenses 2,139,789
Subscribed Capital 76,741,980
Amortization 1,203,152
Total Non-current Assets 77,331,269
Net Current Assets / Net Current Liabilities 18,618,329
Total Current Assets 21,543,698
Minority Interest 20,925

Financial indicators

Year Financial statements Key financials Ministry of Finance format (excerpt)*
2016 Q3 2016 Download -
2016 Q1 2016 Download -
2016 H1 2016 Download -
2016 Financial preliminary results 2016 Download -
2015 H1 2015 Download -
2015 Q3 2015 Download -
2015 Financial preliminary results 2015 Download -
2015 Q1 2015 Download -
2014 Q1 2014 Download -
2014 H1 2014 Download -
2014 Q3 2014 Download -
2014 Financial preliminary results 2014 Download -
2013 Q3 2013 Download -
2013 Financial preliminary results 2013 Download -
2013 Q1 2013 Download -
2013 H1 2013 Download -
2012 Financial Preliminary Results 2012 Download -

Webcast and Audiocasts Presentation

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ANALYST ESTIMATES

ANALYST REPORT August 24, 2016

Raised net on public offers.

BVB - BURSA DE VALORI BUCUREȘTI SA

August 24, 2016 - Valuation We update our view on Bursa de Valori Bucuresti (BVB) with a BUY recommendation and a target price of RON 30.15 per share revealing an upside potential of 16%. We used a DCF model with a 5-year explicitly forecasted period after which a terminal free cash flow with a perpetual growth of 2.5% is employed.

ANALYST ESTIMATES

Investor Information

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