The company had a share capital of RON16.4 million prior to the cut.
In 2011, BT Securities switched to losses of RON4.5 million, from a net profit of RON883,000 a year before.
The company’s revenues decreased by 29% in 2011, to RON10 million, while costs were up 10%, to RON14.5 million.
In 2011, BT Securities was part of the consortium that brokered the offer by means of which the Romanian state aimed to sell a 9.84% stake of OMV Petrom (SNP.RO) shares. The offer failed on investors considering the minimum price asked is too high.
BT Securities ranked 10th of top-65 brokers on the Bucharest stock Exchange in 2011, with a traded value of RON803.8 million and a 3.46% market share. (EUR1= RON4.4667)