Erste Group Bank has been admitted as participant on the Bucharest Stock Exchange (BVB) trading system, on the regulated market, BVB informs, and has started to trade in January 2016.
“We are satisfied that the Romanian capital market will since now have a direct outpost in Vienna’s reputable market and we hope that it will also become a new window of the Bucharest Stock Exchange to the world of international investors. We will consequently develop the local environment, as suitable and safe for our global partners,” said Ludwik Sobolewski, CEO of Bucharest Stock Exchange.
Erste Group Bank is acting as classical market maker for the shares issued by Erste Group Bank and Fondul Proprietatea.
“It is part of Erste Group strategy to support the development of the capital markets in CEE and this is a concrete step we make in this direction. Furthermore, with the direct participation in the BVB trading system, Erste Group can benefit from the fully fledged operation also in the local market making activities,” said Stefan Dorfler, head of group markets of Erste Group.
Erste Group is a financial services provider in the Eastern part of the EU. Around 46,600 employees serve 15.8 million clients in 2,500 branches in 7 countries (Austria, Czech Republic, Slovakia, Romania, Hungary, Croatia and Serbia). As of Q3 2015 Erste Group posted a net profit of EUR 764.2 million and total assets of EUR 201.2 billion.
Bucharest Stock Exchange runs markets for shares, bonds and other instruments, through regulated platforms and alternative systems, and provides a wide range of services to participants of financial markets. It is a public company, listed on its own market since 2010.