Banja Luka Stock Exchange - Official Market

Official Market

The official market is a prestigious part of the stock exchange market, where, apart from the general conditions, there are also requirements of specific conditions regarding the amount of equity, class diversification in public, business performance and objectivity of financial statements. With consideration of the level of development of the capital market of the Republika Srpska, the biggest number of securities from privatisation process is listed on the free market of the BLSE.

General conditions for listing securities on organised market are:

• possibility to trade in an organised way with those securities
• securities have been paid in full
• freely transferable
• issued in non material form.

On the official market those securities may be listed which apart from the general conditions meet the following criteria:

• Years of existence: 3
• Reality and objectivity of financial statements: Audited financial statements
• Equity size: BAM 5,000,000 (BAM 1 = EUR 0.5113)
• Min. size of class of shares: BAM 1,000,000
• Class diversification in public: at least 15%
• Number of shareholders: at least 50

Listing criteria for bonds:

• Years of existence: 3
• Reality and objectivity of financial statements: Audited financial statements
• Issue nominal value: BAM 1,000,000

The bonds of the Republika Srpska can be admitted to the official market of the Stock Exchange with no specific conditions or restrictions.

Currently on the official market, PIFs segment, shares of 13 Privatisation Investment Funds are listed. In the next period it is expected that the best companies apply for admission to the official market of the BLSE.