Bolsa Boliviana de Valores

Bolsa Boliviana de Valores

Unlisted Corporation

Hugo Alejandro Morató Heredia - President of BBV

Hugo Alejandro Morató Heredia - President of BBV

Authorities

Chairman
Hugo Alejandro Morató Heredia

First Vice-Chairman
Sebastián Campero Arauco

Second Vice-Chairwoman
Mercedes Miroslava Peña Quintanilla

Regular Directors
Yalú Galarza Mauri (Secretaria)
Jorge Hinojosa Jiménez

Independent Directors
Javier Villanueva Pereira
Elbio Pérez López
Edwin Vargas Rodríguez

Regular Statutory Auditors
Evelyn Grandi Gómez
David Suárez Pérez

Legal Councel
Javier Urcullo

General Manager or CEO
Pablo Irusta Zambrana

Avenida Arce 2333 Casilla Postal 12521, La Paz, Bolivia

Phone: (591-2) 2443232 www.bbv.com.bo

Main products and markets

  • Fixed Income
  • Shares
  • Trading desk (S&MC)

Main shareholders

Banco de Desarrollo Productivo S.A.M. – Bdp S.A.M. – Banco de Segundo Piso 9.84%
BDP Sociedad de Titularización S.A. 9.84%
Banco Bisa S.A. 9.22%
Sudaval Agencia de Bolsa S.A. Sudaval S.A. 7.58%
Banco de Crédito de Bolivia S.A. 7.38%
Banco Mercantil Santa Cruz S.A. 7.38%
Otros 48.76%

Trading hours

Floor Trading
Schedule
Primary Market Fixed Income
07:45:00 – 08:30:00
Trading Desk
08:15:00 – 08:30:00
Special Auction
08:15:00 – 08:30:00
Serialized Fixed Income, Equities and Public Fixed Income Securities
08:30:00 – 09:08:33
Generic Fixed Income
09:08:33 – 09:42:08
Not Serialized Repurchase
09:42:08 – 10:15:43
Repurchase Serials
10:15:43 – 10:44:18
Second Session Generic Fixed Income
10:44:18 – 11:17:53
Repurchase Second Session
11:17:53 – 11:51:28
Variable Income Primary Market
12:15:00 – 12:50:00
Stock Auction
12:15:00 – 12:50:00
Third Session Generic Fixed Income
12:15:00 – 12:50:00
Repurchase Third session
12:15:00 – 12:50:00
Simple Repurchase Auction
12:15:00 – 12:50:00

Market data

(Additional information at www.fiabnet.org)
Item
2020
2015
2010
2005
Market capitalization (millions of US$)
14,462
6,057
3,388
2,202
Number of listed companies
54
38
37
36
Number of brokerage companies
12
9
9
8
Total value of share trading (Millions of US$)
52
43
43
5
Total value of bond trading (Millions of US$)
12,917
8,954
3,627
1,109
Market Capitalization - (US$ Millions)
Total value of Share trading - (US$ Millions)
Total value of Fixed Income trading - (US$ Millions)

Market capitalization split by economic sector

 
2020
2019
Sector
%
%
Oil companies
25%
38
Industry
45%
40
Banks, Financial S. and Insurance
15%
21
Utilities
15%
1
Total
100
100
 
2020

Brief history

 » Bolsa Boliviana de Valores

On April 19, 1979, the Bolivian Confederation of Private Businessmen (CEPB), chaired by Marcelo Pérez Monasterios, founded the Bolivian Stock Exchange (BBV S.A.). Established as a nonprofit corporation, the Bolivian Bolsa initially consisted of 71 members holding only one share each, and capital stock totaling B$ 1.42 million. The first Shareholders’ General Meeting was held on the same foundation date.  At such meeting, the Draft Bylaws and the first Board of Directors were approved. On August 2, 1979, under Decree-Law 16995 issued by the Finance Ministry, the National Securities Commission was created as a government agency entrusted with the regulation, supervision, and oversight of the Securities Market, the Stock Exchange, and market intermediaries. However, the Board of Commissioners was set up only in 1982, when Lic. Manuel Arana was appointed as Chairman of the Board. Pursuant to Board Resolution No. 002/89 dated October 17, 1989, the National Securities Commission authorized the initial trading of securities on the Bolsa Boliviana de Valores S.A. as from October 20, 1989. The first BBV S.A. floor transaction was executed on November 16, 1989, consisting in the purchase and sale of Negotiable Certificates of Deposit issued by the Central Bank of Bolivia (CEDES), which was then trading directly on the Exchange floor.

Organization chart

Organization chart

Financial indicators

2022
2021
Net Income (U$S thousands)
1153
917
ROE (Net Income/Shareholders’ Equity)
13%
0,10%
ROA (Net Income/Assets)
11%
0,09%
EBT/Shareholders’ Equity
13%
0,10%
EBT/Assets
11%
0,09%
 
 » Bolsa Boliviana de Valores

Clearing, settlement and depositary services

All transactions are settled on T+0, considering all financial instruments.  Book-entry securities trades are settled through the Bolivian CSD, Entidad de Depósito de Valores de Bolivia S.A. (EDV). Transactions in physical securities are settled broker-to-broker.

Central counterparty - CCP

A Central Counterparty mechanism is not available.

Member of the following organizations

  • Bolivian Confederation of Private Businessmen (CEPB)
  • American Chamber of Commerce (AMCHAM)
  • Santa Cruz Chamber of Industry, Commerce and Tourism (CAINCO)
  • Ibero-American Federation of Exchanges (FIAB)

Agreements with other Exchanges

  • Agreement with Bolsas y Mercados Españoles -BME-, use and service license for an electronic negociation system named SMART

Edited by FIAB Secretariat. The information referred to member exchanges and markets compiled in this Handbook has been provided to FIAB by these entities and is updated up to July 2023. Every effort has been made to ensure that the information in this edition is accurate at the time of its publication. FIAB Secretariat cannot accept responsibility for errors or omissions.