From fifth place to the top spot

BT Capital Partners, the brokerage and investment banking arm of the Banca Transilvania Group, intermediated 27.1% of the value of stock and bond transactions on the Bucharest Stock Exchange in the first eight months of 2026, holding the top spot for the third consecutive year. BT Capital Partners secured the number-one position in the Bucharest Stock Exchange’s broker rankings for 2024, with a 27% market share, and kept its top spot through the end of 2025, with 28.4%. In 2026, Tradeville places second, with a 15.8% market share, and BCR comes third, with 13.6%. Back in 2017, BT Capital Partners was the fifth-largest intermediary on the market, with an 8.4% share. The company previously led the rankings in 2020, with 20.7%, and secured its second-place position for the next three consecutive years. In 2023, BCR claimed the leading position, accounting for 35.1% of the total transaction value on the Bucharest Stock Exchange, compared to 16.8% for BT Capital Partners. The value of transactions intermediated by BT Capital Partners grew more than 11-fold, rising from 2.1 billion lei (0.4 billion euros) in 2016 to 24.5 billion lei (4.7 billion euros) in 2025. In the first eight months of 2026, the amount reached 19.4 billion lei (3.7 billion euros). According to the company, BT Capital Partners is the leader across all Bucharest Stock Exchange trading segments and Romania’s top intermediary for international placements. Over the last ten years, the firm has intermediated transactions and offerings on the Bucharest Stock Exchange in the amount of over 20 billion euros. The company holds over 50% of the total assets in custody reported to the Financial Supervisory Authority, placing first in this ranking.

„The performance of BT Capital Partners largely overlaps with the performance of the Romanian capital market,‟ according to the company. The capitalization of the Bucharest Stock Exchange reached 79.6 billion euros, surpassing that of the Budapest Stock Exchange (70.5 billion euros) and the Prague Stock Exchange (48.6 billion euros), as per Bloomberg data compiled by ZF. The daily average stock trading volume increased to 23 million euros in 2026, 80% above last year’s average of 13 million euros, the largest increase among Central and Eastern European stock exchanges. The BET-TR index, which factors in dividends, generated a 651% return in euros over the past ten years, ranking second among the 82 stock market indices analyzed. Energy, financial, and utility companies generate the bulk of BET index liquidity, with all other market sectors covering nearly 13% of the total trading volume.

The stock market capitalization stands at roughly 18% of GDP, compared to the European Union average of about 61%, as per an analysis by BT Capital Partners. „BT Capital Partners keeps a clear focus on its mission: to contribute to strengthening an efficient, transparent, and high-performing capital market able to sustain Romania’s economic growth,‟ stated the company’s CEO, Daniela Secară.