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Bucharest Stock Exchange almost doubles profit in 2017

Bucharest Stock Exchange group (BVB) recorded a net profit of 14.6 million RON (3.2 million Euro) in 2017, up by 89 per cent compared to the previous year.

2018-02-15 14:05:21

The merger with the Sibiu exchange (Sibex) had a significant contribution to this result. Without taking into account the merger impact, BVB recorded a preliminary net profit of 9.9 million RON (2.17 million Euro), up by 32 per cent versus 2016, according to the company's preliminary financial report.

The group's operating revenues increased by 21 per cent last year, to 38 million RON (8.32 million Euro) as a result of higher trading volumes and increased activity on the primary market, both in terms of share and bond issues.

"The Bucharest Stock Exchange 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 effervescence in the corporate bond segment," reads the group's report.

The total trading value on all of BVB's markets reached over 3 billion Euro in 2017, up by 24 per cent over the previous year.

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