Rising trading activity on BVB generated revenues of 26.9 mln lei

The Bucharest Stock Exchange has reported preliminary revenues of about 26.9 million lei, up 10.6 percent compared to 2013 results, while the related profit advanced by 25.4 percent to 11.9 million, above the figure projected for 2014.

The progress is due to an intense trading activity corroborated by higher revenues from issuer fees, IT services and participant fees.

Trading values on all BVB's markets, including public offers, increased by 6.6 percent y-o-y to 14.4 billion lei, while trading on the regulated stock market went up by 15.2 percent to some 13 billion lei.

As a result, the trading revenues corresponding to the full year came to 23.1 million lei, 9 percent more than in 2013.

Operating revenues have also had a notable evolution growing by 14.2 percent to 27.9 million lei. On the costs side, operating expenses increased by 2.9 percent compared to the previous year, totaling 16.75 million lei. Thus, the operating profit ended at around 11.1 million lei, 36.9 percent above the figure reported for 2013.

The Bucharest Stock Exhange is the main operator of Romania’s capital market, its operating revenues being generated mainly from the trading of all the listed financial instruments, from fees charged to issuers for the admittance and maintenance to the trading system, as well as from data vending to various users. 

BVB was included in several indices: FTSE Mondo Visione Exchanges Index, on November 9, 2010, BET Index, on March 21, 2011, Dow Jones Global Exchanges Index, on June 17, 2011, ROTX Index on September 19, 2011 and since July 3, 2012, BVB is also part of BET-BK.