Raiffeisen Centrobank supports Banca Transilvania shares liquidity the most traded equity on Bucharest Stock Exchange

9/7/2021

  • Raiffeisen Centrobank supports the liquidity of Banca Transilvania's shares starting with September 7th.
  • It is the first Issuer Market Maker (IMM) for Banca Transilvania’s shares, which are traded under the ticker TLV.

 

Banca Transilvania (BVB: TLV), the largest bank in Romania and one of the most liquid shares traded on Bucharest Stock Exchange, benefits starting with September 7th from the Issuer Market Maker (IMM) services provided by Raiffeisen Centrobank. Banca Transilvania is also on the first place in terms of market capitalization, among the Romanian entrepreneurial companies listed on Bucharest Stock Exchange (RON 17.2bn, the equivalent of EUR 3.5bn).

‘We are glad that Banca Transilvania chooses to initiate a collaboration with Raiffeisen Centrobank for the Issuer's Market Maker services. Banca Transilvania demonstrates once again the importance it assigns to the capital market and to the performance of its shares on the stock exchange. The usage of the Issuer's Market Maker program by the most traded company on the stock exchange, already included in the FTSE Russell indices for Emerging Markets, will show even more the usefulness of this program for improving an issuer's liquidity’, said Adrian Tanase, Bucharest Stock Exchange CEO.

‘Banca Transilvania, as well as issuer, had a decisive role in promoting the Romanian capital market in the Emerging Markets category. It was and it will remain our focus to have an active participation in the development of Bucharest Stock Exchange as the first financial institution to list its shares in Romania`, said Mihaela Nadasan, Deputy CEO, Head of FI&M and IR, Banca Transilvania.

The Issuer's Market Maker (IMM) activity will be performed by Raiffeisen Centrobank based on a contract signed with Banca Transilvania. The TLV share is the third one for which Raiffeisen Centrobank offers the Issuer's Market Maker services, after Evergent Investment and Purcari Wineries shares.

‘We are happy to include the index heavyweight of the Bucharest Exchange Trading Index (BET), Banca Transilvania, in our client portfolio and to be part of the long-term success story of the company. Our aim is, to increase the market liquidity as well as the turnover of Banca Transilvania shares’, said Günther Kornfellner, Equities & Derivatives Trader for EMEA at Raiffeisen Centrobank.

The total number of the financial instruments listed on Bucharest Stock Exchange that benefit from the Issuer’s Market Maker program is 17 (out of which 16 shares and one bond issue). The specific parameters applicable to the IMM activity provided by Raiffeisen Centrobank for TLV shares are available HERE.

Banca Transilvania became a BVB-listed company in October 1997. TLV shares are included in seven of BVB’s indices, respectively BET, BET-TR, BET-XT-TR, BET-BK, BET-XT, BETPlus, ROTX. Banca Transilvania is also one of the five companies present in the FTSE Russell indices, together with Nuclearelectrica, OMV Petrom, TeraPlast and Bittnet.

The IMM is the participant in the BVB’s trading system that has taken on the role of sustaining the liquidity of a financial instrument, based on a contract concluded with the issuer of the financial instruments, as well as with BVB. Further information regarding the general framework for the IMM Program can be found HERE.