The shares of Banca Carpatica (Carpatica Bank) soared on RASDAQ, with the average price growing by about 20% in the last couple of days, due to a high traded value. The reason behind the investors' interest is that the bank is close to listing on the Bucharest Stock Exchange and, moreover, could split shares down to a par value of 1,000 ROL from the current 10,000, says Nicolaie Hoanta, Carpatica's president.
"We will probably list our shares on the on the Bucharest Stock Exchange by the end of the month. I was hoping to have all approvals secured by this week, but it will probably take a bit longer. We are also thinking of proposing a share split to our investors. I'm considering a split to a par value of 1,000 ROL from the current 10,000 ROL. We'll see what shareholders approve in the GM in late April, " Hoanta told Ziarul Financiar.
The bank is now expecting final endorsement from the National Securities Commission (CNVM) to go ahead with its BSE listing plans.
In the meantime, Carpatica's shares have become the stars of RASDAQ, due to the news of the upcoming move to the Stock Exchange and of splitting plans.
The bank's shares yesterday rose by the maximum percentage allowed for one day, 15%, reaching 28,480bn ROL, as prompted by some 6.5bn ROL in transactions. Even if considering yesterday's quote, the brokers are still saying Carpatica's shares are undervalued compared with BRD-Groupe Societe Generale and Banca Transilvania, the two banks already listed on the Bucharest Stock Exchange. oana.nuta@zf.ro ; laurentiu.ispir@zf.ro
The shares of Banca Carpatica (Carpatica Bank) soared on RASDAQ, with the average price growing by about 20% in the last couple of days, due to a high traded value. The reason behind the investors' interest is that the bank is close to listing on the Buchar
