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

Erratum EGSM resolutions as of January 29, 2019

No. 353 / January 29,2019 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 Buc ...

EGSM resolutions as of January 29, 2019

No. 343/ January 29,2019 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 Bucu ...

Bucharest Stock Exchanges drops nearly 5 percent in 2018 after 6 straight years of growth. Only the total return indices stay positive

• Lucian Anghel, BVB President: The Romanian capital market went in the negative territory last year following a 4.77 percent drop of the BET index, thus ending a 6-year straight growth pace. The BET-TR index, which also includes the dividends, managed to stay positive, up by 4.3 percent, which – considering the market conditions from th ...

BVB and OPCOM present the cooperation project between capital and energy markets as Central Counterparty is in sight

• The Bucharest Stock Exchange (BVB) and the Operator of the Romanian Electricity and Gas Markets (OPCOM) want to collaborate on eliminating the counterparty risk in the capital and energy markets and launching futures contracts having the energy market indices as underlying assets. • Adrian Tanase: BVB and OPCOM propose that, in addition ...

Shareholding structure as of December 31, 2018

No. 110/15.01.2019 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 ...

2019 Financial calendar

  Date: 14.01.2019   In the attention of: Bursa de Valori Bucuresti                                                                           In accordance with Chapter VI, Section 2, Art. 92 of the Bucharest Stock Exchange Code, we hereby submit the financial calendar of Bursa de Valori Bucuresti for 2019:   ...

PM Dancila about stock exchange problems: We will have an aswer for this too

Bucharest, Dec 20 /Agerpres/ - Prime Minister Viorica Dancila on Thursday stated that there will also be an answer for what happened on Wednesday on the Bucharest Stock Exchange (BVB). Dancila was asked if there is a possibility to talk about manipulation on the Bucharest Stock Exchange, after BVB went rapidly down and the Financial Supervisory ...

Shareholding structure as of November 30,2018

No. 5188/19.12.2018 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 ...

Availability of materials for EGSM of January 29/30, 2019

  AVAILABILITY OF THE BVB CONVENING NOTICE AND GMS MATERIALS Bucharest Stock Exchange (BVB) announces that the convening notice of the Extraordinary General Meeting of Shareholders as of January 29/30, 2019 and the documents related to the meeting agenda will be made available starting with December 11, 2018, 8.30 a.m. Bucharest time, in el ...

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 ...

Press Releases

No news found.

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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