(Vienna/Banja Luka) Only one day after signing the Memorandum of Understanding (MoU) with the Montenegro Stock Exchange, the management board members of Wiener Börse, Michael Buhl and Heinrich Schaller, signed a cooperation agreement with the Banja Luka Stock Exchange. The Banja Luka Stock Exchange is already the seventh exchange from Southeast Europe after Bucharest, Zagreb, Belgrade, Sofia, Sarajevo and Montenegro to sign an agreement with Wiener Börse.
"We are looking forward to working together with the Banja Luka Stock Exchange. The goal of our two exchanges is to cooperate in the area of index development and data dissemination," said Heinrich Schaller, member of the management board of Wiener Börse AG at the signing of the cooperation agreement. "This is a historic moment and I firmly believe that our cooperation will bear many fruits," said Milan Bozic, Executive Director of the Banja Luka Stock Exchange.
The Banja Luka Stock Exchange has developed dynamically since it was founded in 2001. Market capitalization practically exploded from EUR 36mn (2002) to EUR 2.1bn (May 2006), the monthly trading volume in stocks was EUR 22mn in May 2006. Banja Luka is the capital of the Republic of Srpska, since 1995 one of the two partial republics of the state of Bosnia-Herzegovina.