BVB group includes the Central Depository, Investors’ Compensation Fund, Bucharest Clearing House and the Corporate Governance Institute.
The trading activity with shares registered by all BVB markets increased in the fourth quarter of 2016 by 10% compared to the same period a year earlier, to RON 2.96 million, while, from the beginning of the year, it rose 6% above the year-earlier value. Public offering segment had an important contribution to this evolution, BVB said in a statement.
The fourth quarter of 2016 on Bucharest Stock Exchange was marked by the largest IPO of a private company on the local capital market. The shares of Romania’s largest private healthcare services provider, MedLife, started trading on December 21, 2016, following the successful completion of the largest IPO of a private company that has ever taken place on the Romanian capital market –RON 230 million (EUR50.5 million) for a 44% stake.
The consolidated net profit stood at RON7.87 million in 2016, up 19% on the year. The trading segment of the group generated 85% of the 2016 consolidated net profit, while net margin increased to 25% from 22% during the previous year.