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
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
2013 1.177700 04/14/2014 04/25/2014 05/15/2014 05/13/2014 03/19/2014 06/02/2014

EGMS Convening notice for January 29/30, 2019

No. 4976/7.12.2018 To: Financial Supervisory Authority       Fax: 021- 659.60.51        Bucharest Stock Exchange        Fax: 021-256.92.76 CURRENT REPORT according to Regulation no. 5/2018 on issuers of financial instruments and market operations and Law no. 24/2017 on issuers of financial instruments and market operations ...

Bucharest Stock Exchange: Banca Transilvania, Transgaz, OMV Petrom - most traded shares in November

Bucharest, Dec 2 /Agerpres/ - Banca Transilvania, Transgaz and OMV Petrom were the most traded shares on the Bucharest Stock Exchange (BVB), where total trading in the main segment slightly exceeded 863 million lei, according to the statistics posted on the BVB website. There were 3,668 transactions in Banca Trasilvania's shares amounting to 286. ...

The total trading value goes up by 20 percent in October for all the segments of the Bucharest Stock Exchange

• The total trading value increased last month by over 20 percent for all the financial instruments already issued to go past the EUR 200 million benchmark in October • The total return indices, which also include the dividends, posted double-digit growth rates after the first 10 months, as BET-TR took the lead and surged by 19 percent &n ...

Bucharest Stock Exchange and the Ministry for the Business Environment sign a partnership for promoting financing opportunities through the capital market

• Stefan-Radu Oprea, Minister for the Business Environment, Commerce and Entrepreneurship: The private business environment in Romania has reached a degree of maturity that allows the capital market to be increasingly taken into consideration as a financing solution • Adrian Tanase, CEO BVB: The stock exchange seeks to support entrepreneu ...

23 years from the first trading on Bucharest Stock Exchange

• The first trading session on BVB took place on November 20, 1995. 23 years ago, 6 companies were listed on BVB and investors traded 905 shares during that session. Currently, over 31.3 million shares issued by 87 companies are traded on average every day on BVB’s Main Market • Adrian Tanase, BVB CEO: It is only when we look back t ...

Bucharest Stock Exchange and ten other capital market representatives establish the Romanian Investor Relations Association

• 11 capital market representatives, companies and private individuals, founded the Romanian Investor Relations Association (ARIR) aiming to implement best practices of communication with investors by the Romanian listed companies • Adrian Tanase, BVB: Enhanced transparency from listed companies meets investors’ demands. A better un ...

Romgaz after 5 years on BVB: share price surges by 17%, dividend yield amounts to 64%, and the company is among the most traded issuers

The listing of Romgaz (SNG), the largest natural gas producer and the main supplier in Romania, was one of the largest equity sale the Romanian state performed on the Bucharest Stock Exchange (BVB). SNG shares started trading on the Main Market of BVB on November 12, 2013, following a successful offering worth a total of RON 1.7 billion, made both ...

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 Secondary Emergency Market, according to the most recent edition of the Annual Country Classification Review published on 26 September 2018. According to ...

Q3 2018 Report availability and conference call details

  AVAILABILITY OF THE FINANCIAL REPORT AS OF SEPTEMBER 30, 2018 AND CONFERENCE CALL DETAILS Bucharest Stock Exchange (BVB) informs that the Financial Report as of September 30, 2018 shall be available for shareholders, investors and general public as of November 14, 2018, 8:30AM local time. The printed version shall be available at BVB’s h ...

The eighth edition of the Individual Investors Forum organized by BVB: 400 participants and 20 speakers attended a marathon on investments

• Endurance athletes, capital market specialists, IR specialists, representatives of investment funds, brokers and listed companies on Bucharest Stock Exchange took part in one of the most important events aimed at retail investors • Adrian Tanase, BVB CEO: I am glad that many young people have come to this Forum and we want to convince a ...

Press Releases

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 ...

2017 Q1 financial results

QUARTERLY REPORT AS OF 31 MARCH 2017 The trading activity registered a sharp recovery in the first quarter of 2017. The total value of transactions on all markets was close to RON 3 bn, more than ...

2016 Annual Report

    Bucharest Stock Exchange (BVB) informs that the Annual Financial Report as of December 31, 2016 shall be available for shareholders, investors and general public as of April 13, 2017. The ...

Preliminary financial results as of December 31,2016

The fourth quarter of 2016 was marked by the largest IPO of a private company that took place on the Bucharest Stock Exchange. The shares of Romania’s largest private healthcare services provider, Med ...

Annual financial information

2016 2015 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 95,202,932 95,949,598
Profit for the year 7,500,525 7,004,148 7,500,525
Profit before tax 532,916,000 8,063,668 8,762,041
Total liabilities 43,211,677,000 2,541,740 2,293,186
Interest expense 405,973,000
Operating expenses 1,221,467,000 17,490,092 14,042,747
Cash and cash equivalents 8,819,899,000 3,536,065 1,603,833
Total equity 5,981,189,000 94,958,419 95,749,703
Total Revenues 23,287,951 24,944,577
Deferred Income 645,144 828,658
Total Financial Income 5,559,332 5,191,652
Operating Income 17,728,619 19,752,925
Interest Income 2,663,728 2,487,365
Income From Associated Entities 34,609 39,557
Inventories 660
Financial Results 4,825,141 3,051,863
Operating Result 3,238,527 5,710,178
Employees 42 46
Shortterm Financial Investments 14,714,544 18,381,509
Total Capital Assets 4,429,610 4,790,411
Total Current Liabilities 2,541,740 2,293,186
Trade Payables 532,712 581,290
Total Receivables 2,441,835 1,558,356
Sales 17,205,274 19,442,496
Total Expenses 15,224,283 16,182,536
Prepaid Expenses 95,547 196,475
Total Financial Expenses 734,191 2,139,789
Subscribed Capital 76,741,980 76,741,980
Amortization 1,147,509 1,203,152
Total Non-current Assets 77,601,165 77,331,269
Net Current Assets / Net Current Liabilities 17,601,767 18,618,329
Total Current Assets 20,693,104 21,543,698
Minority Interest 20,925 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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