The Group’s total assets reached RON220 million on March 31, 2020, compared with RON217.6 million end-2019, and its total debts stood at RON67.1 million, down 1% from December 31, 2019, mostly due to the reduction of debts with dividends to be paid by the Central Depository in the amount of RON1.93 million.
“52% of the total liabilities are represented by the payment dividends held on behalf of the clients by the Central Depository, amounting to RON35.06 million, and 30% represent guarantee, compensation and margin funds for the settlement of transactions, amounting to RON20.16 million,” BVB said in its financial report.
The General Shareholders’ Meeting held on April 29, 2020 approved the proposed allocation of the statutory net profit for the year 2019 of the Bucharest Stock Exchange in the amount of RON6.96 million as follows: RON403,334 for the legal reserve and the remaining RON6.55 million to be distributed in 2020 in the form of gross dividends for 2019.
“During the second quarter of 2020, the Bucharest Stock Exchange anticipates additional listings on the SMT segment following successful private placements in the period prior to the inception of the lockdown period. We intend to maintain the international visibility of our issuers by participating in additional investor conferences in online format,” according to BVB representatives.
British rating agency FTSE Russell announced, on September 26, 2019, that Romania was promoted from the Frontier Market status to the Secondary Emerging Market status.
Early April 2020, the Bucharest Stock Exchange, the operator of the Romanian capital market, said FTSE Russell confirmed that Romania is on track to be included in the FTSE Russell Emerging Market indices in September 2020.