Erste’s listing mixed up stock exchange reports

Aggregate accounts are opened by brokerage companies to the Central Repository and include several clients.

Erste Bank, which controls Romania’s largest lender, Banca Comerciala Romanaia (BCR), is also listed on the stock markets in Vienna and Prague. It listed on BVB in early 2008.

BVB yesterday published data on February investments, showing that both local and foreign investors sold more stock than they acquired. Given that all deals involve a buyer and a seller, the net balance of sales and acquisitions should have been equal. However, because Erste shares are also listed on other stock markets the values were changed.

BVB officials said they would exclude deals with Erste shares from future reports, so they can be accurate, as they were prior to the lender’s listing.