ECONOMY FINANCE&BANKING INVESTMENTS MARKETS

EBRD buys 10,000 Bucharest Stock Exchange shares

The European Bank for Reconstruction and Development (EBRD) has hiked its participation in the Bucharest Stock Exchange’s (BVB) registered capital to 5.12 per cent, following a February 1 transaction through which it bought 10,000 shares, according to a report published on the BVB website.

Prior to the transaction, EBRD had 4.99 per cent of BVB shares, namely 382,942 shares. After the transaction, EBRD’s portfolio grew to 392,942 BVB shares, which means it has a similar number of votes within BVB’s General Shareholders’ Assembly.

In the first nine months of 2015, the BVB registered a net profit of RON 4.82 M, or RON 0.63 per share, down by 48.3 per cent year-on-year, according to the financial results posted. In 2014, BVB registered a net profit of RON 11.9 M, or RON 1.55 per share, up by over 25 per cent compared to 2013 and by 20 per cent compared to the budgeted level.
The Bucharest Stock Exchange (BVB) became a joint-stock company in 2005 and a listed company in June 2010. BVB is currently one of the 10 companies included in the stock exchange’s main BET index, being also included in other local indexes, such as those that follow the evolution of listed stock exchanges, FTSE/Mondo Visione Exchanges and Dow Jones Global Exchanges.

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