Hypo Alpe-Adria-Bank Banja Luka Greets Decision of BLSE

1. März 2007, 00:00

Hypo Alpe-Adria-Bank Banja Luka stated Wednesday that even though the Banja Luka Stock Exchange (BLSE) allowed Tuesday...

Hypo Alpe-Adria-Bank Banja Luka stated Wednesday that even though the Banja Luka Stock Exchange (BLSE) allowed Tuesday trading of this banks shares, it suspended the equity off the floor on Wednesday.

BLSE decided to stop the trading with the explanation that "the decision was made in order to protect the interests of Hypo Alpe-Adria-Bank a.d. Banja Luka and its investors and preserve the capital markets integrity, since it was determined at the beginning of trading that there are significant price deviations of the banks shares."

Hypo Alpe-Adria-Bank Banja Luka management greeted the BLSE decision, agreeing that the investors should be given additional time to analyse all information provided by the bank. " We cannot objectively state what the real market value of our shares is and neither can the BLSE since the value is very often under the influence of subjective expectations of investors on the capital market.

"What we are doing is providing all information in a transparent manner so that quality decisions can be made by the investors who then bear the risks of their own decisions," stated deputy director of Hypo Alpe-Adria-Bank Banja Luka, Srecko Bogunovic.

The Banks management expects the BLSE to very soon continue with trading in its shares and the management will also continue to cooperate with the BLSE in all important issues, this banks statement read. (Vecernji List)
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