By comparison, at the end of 2020 the ten most active brokers had a market share of 92%, following brokered transactions of RON34.5 billion, ZF has calculated from Bucharest Stock Exchange data.

Thus, the value of transactions brokered by the top ten brokers climbed by 16.8% year-on-year, ZF calculations show.

The most active in 2021 was by far the brokerage division of Banca Comerciala Romana (BCR), which secured a market share of 20.43%. BCR brokered transactions worth RON8.84 billion last year.

Second place went to BT Capital Partners, the brokerage unit of Banca Transilvania, which had a market share of 16.43%. BT CP brokered RON7.1 billion transactions in 2021.

Third came the brokerage division of BRD Group Société Generale with RON6.1 billion, or 14.13% of the total.

In all, the top three brokered RON22.06 billion transactions last year, accounting for 51% of the market, according to ZF’s calculations.

The following brokers were Swiss Capital (RON5.4 billion, market share of 12.4%), TradeVille (RON4.2 billion, market share of 9.67%), SSIF BRK Financial Group (RON3.8 billion, market share of 8.7%), Wood & Company Financial Services (RON2.1 billion, market share of 4.94%), Goldring (RON995.5 million, market share of 2.3%), Alpha Bank Romania (RON889.6 million, market share of 2.06%) and IFB Finwest (RON859 million, market share of 2%), ZF has found.

The top spot remained unchanged in December 2021, as BCR brokered transactions worth RON1.8 billion or 31.93% of the total.

In contrast, the runners up traded places, with BRD in second place, with RON1.2 billion or 20.82% of the total, and BT CP in third place, RON1.1 billion or 19%.

The brokerage divisions of the three banks are the only brokers to exceed the RON1 billion transaction threshold in December.

A total of 23 brokers are present on the Bucharest Stock Exchange, 10 of which have a market share of less than 1%, Bucharest Stock Exchange data show.

(English version by Loredana Fratila-Cristescu)