1 semiannual statistical bulletin january june 2017

1

BASIC INDICATORS

SEMIANNUAL STATISTICAL BULLETIN

Year 21 Number 263 1

JANUARY—JUNE 2017

TURNOVER (denars) January - June 2016 January - June 2017 % of change

TRADING IN BEST 1.088.552.996 1.502.218.167 38,00

Shares 769.822.123 1.370.299.486 78,00

Bonds 318.730.873 131.918.681 -58,61

DAILY AVERAGE TURNOVER (denars) 8.922.566 12.415.026 39,14

DAILY AVERAGE NUMBER OF TRANSACTIONS 44 64 45,45

BLOCK TRANSACTIONS 271.634.824 528.946.708 94,73

PUBLIC AUCTIONS 11.276.859 0 -

PUBLIC AUCTIONS FOR BIG PACKAGES 0 12.890.642 -

PUBLIC OFFERING 0 0 -

TOTAL 1.371.464.679 2.044.055.517 49,04

NUMBER OF TRANSACTIONS

TRADING IN BEST 5.354 7.684 43,52

BLOCK TRANSACTIONS 51 94 84,31

GOVERNMENT AUCTIONS 7 1 -85,71

PUBLIC OFFERING 0 -

TOTAL 5.412 7.779 43,74

MARKET CAPITALIZATION (denars)

MARKET CAPITALIZATION OF SHARES 97.576.690.122 122.774.477.251 25,82

LISTED SHARES 94.166.143.189 119.377.846.086 26,77

MARKET OF JOINT STOCK COMPANIES WITH SPECIAL REPORT-ING OBLIGATIONS 3.410.546.933 3.396.631.165 -0,41

MARKET CAPITALIZATION OF BONDS 4.438.911.038 3.505.117.660 -21,04

TOTAL MARKET CAPITALIZATION 102.015.601.160 126.279.594.911 23,78

MBI10 1.706,97 2.282,34 33,71

OMB 126,89 129,94 2,40

NUMBER OF LISTED COMPANIES 110 107 -2,73

NUMBER OF TRADING DAYS 122 121 -0,82

Market capitalization: 122.774.477.251

↑25,82%

Turnover: 2.044.055.517

↑49,04%

Number of transactions: 7,779

↑43,74%

MBI10: 2.282,34

↑33,71%

TURNOVER STRUCTURE

Market segment

Turnover (denars)

Turnover (euro) % Num. of trans.

OFFICIAL MARKET 1.464.473.744 23.769.857 71,65 7.616

REGULAR MARKET 37.744.423 612.151 1,85 68

BLOCK TRANSACTIONS 528.946.708 8.584.807 25,88 94

PUBLIC AUCTIONS FOR BIG PACKAGES

12.890.642 209.621 0,63 1

TOTAL 2.044.055.517 33.176.436 100,00 7.779

71,65%

1,85%

25,88%

0,63%

ОФИЦИЈАЛЕН ПАЗАР

РЕДОВЕН ПАЗАР

БЛОК ТРАНСАКЦИИ

ЈАВНИ БЕРЗАНСКИ АУКЦИИ

2

SEMIANNUAL STATISTICAL BULLETIN 2

TURNOVER PER MONTHS

Year 21 Number 263

Trading in BEST Block transactions Public auctions for big

packages Total

Month Turnover MKD % Turnover MKD % Turnover MKD % Turnover MKD %

January 217.865.740 14,50 61.046.202 11,54 0 0,00 278.911.942 13,65

February 229.528.660 15,28 172.427.868 32,60 0 0,00 401.956.529 19,66

March 274.074.442 18,24 67.697.989 12,80 12.890.642 100,00 354.663.073 17,35

April 254.211.984 16,92 23.960.700 4,53 0 0,00 278.172.684 13,61

May 293.276.306 19,52 18.986.764 3,59 0 0,00 312.263.070 15,28

June 233.261.035 15,53 184.827.185 34,94 0 0,00 418.088.220 20,45

Вкупно 1.502.218.167 100,00 528.946.708 100,00 12.890.642 100,00 2.044.055.517 100,00

10 MOST LIQUID SHARES (Official market)

Issuer

Average price

(MKD) Volume Turnover in

MKD

Numb. of trans-

ac.

Komercijalna banka Skopje 2.796,46 104.781 289.959.429 1.176

Alkaloid Skopje 5.615,26 30.536 172.981.842 790

Makpetrol Skopje 27.396,61 5.344 148.191.418 370

NLB Banka Skopje 10.372,02 13.963 144.496.816 507

Stopanska banka Skopje 910,03 145.698 133.971.185 813

Granit Skopje 682,79 119.892 82.437.588 676

Makedonijaturist Skopje 3.626,61 13.615 49.174.463 101

Ohridska banka Skopje 4.846,91 10.176 48.580.664 325

Nova stokovna kuka Strumica 83.025,00 427 33.640.500 34

Beton Skopje 11.335,31 2.059 24.113.891 208

Rest 628.174 205.007.267 2.345

Total 1.074.665 1.332.555.063 7.345

TOP GAINERS / TOP LOSERS—OFFICIAL MARKET

Issuer Average price (MKD)

30.12.2016 Average price (MKD)

30.06.2017 % of change

TOP GAINERS

MZT Pumpi Skopje 201,00 600,00 198,51%

UNI Banka Skopje 904,47 1.969,79 117,78%

Skovin Skopje 100,00 180,00 80,00%

Pekabesko Kadino, Ilinden 8.000,00 13.000,00 62,50%

Makosped Skopje 146,00 230,00 57,53%

TOP LOSERS

Nova stokovna kuka Strumica 92.250,00 61.500,00 -33,33%

Karpos Skopje 699,00 500,00 -28,47%

RZStrumica Tabak Strumica 800,00 600,00 -25,00%

Fustelarko Borec Bitola 1.200,00 1.000,00 -16,67%

Popova kula Demir Kapija 12,00 10,00 -16,67%

21,76%

12,98%

11,12%

10,84%

10,05%

6,19%

3,69%

3,65%

2,52%

1,81%

15,38%

Комерцијална банка СкопјеАлкалоид Скопје

Макпетрол Скопје

НЛБ Банка Скопје

Стопанска банка Скопје

Гранит Скопје

Македонијатурист Скопје

Охридска банка Скопје

Нова стоковна куќа СтрумицаБетон Скопје

Останати

3


TRADING WITH MBI10 LISTED COMPANIES

Issuer Max. (MKD) Min. (MKD) Average price

(MKD) Volume Turnover in

MKD Turnover in

Eur % in

turnover Numb. of transac.

Market capitaliza-tion (MKD)

Alkaloid AD Skopje 5.901,00 5.351,00 5.615,26 30.936 175.285.842 2.844.432 15,03 791 8.309.004.165

Granit AD Skopje 780,00 582,00 682,79 119.892 82.437.588 1.337.837 7,07 676 2.269.747.603

Komercijalna banka AD Skopje 3.080,00 2.500,00 2.796,46 106.230 294.008.457 4.771.624 25,21 1.179 6.054.295.904

Makpetrol AD Skopje 28.700,00 26.190,00 27.392,54 5.857 161.563.678 2.623.362 13,85 381 3.146.696.000

Makedonijaturist AD Skopje 3.900,00 3.400,00 3.626,61 13.615 49.174.463 797.509 4,22 101 1.664.268.960

Stopanska banka AD Skopje 970,00 766,00 910,03 162.338 149.113.585 2.420.025 12,79 815 15.504.639.840

Stopanska banka AD Bitola 1.485,00 1.255,00 1.328,76 33.454 43.948.778 714.434 3,77 96 535.638.490

Makedonski Telekom AD Skopje 268,00 240,00 256,35 52.037 13.355.805 216.761 1,15 159 23.097.145.980

Ohridska banka AD Skopje 5.390,00 3.900,00 4.846,91 11.063 52.724.464 856.040 4,52 328 2.236.788.600

NLB Banka AD Skopje 11.590,00 9.050,00 10.372,02 13.963 144.496.816 2.345.264 12,39 507 9.300.724.290

TOTAL 549.385 1.166.109.476 18.927.287 100,00 5.033 72.118.949.832

FOREIGN INVESTORS IN MBI10 LISTED COMPANIES

Issuer January February March April May June

Change June 2015/ December 2014

Alkaloid AD Skopje 7,14% 6,92% 6,86% 6,87% 6,85% 6,68% -0,49%

Granit AD Skopje 8,49% 8,61% 9,16% 9,41% 9,47% 9,46% 1,07%

Komercijalna banka AD Skopje 37,74% 37,68% 37,67% 37,74% 36,54% 36,39% -1,54%

Makpetrol AD Skopje 6,02% 6,01% 6,13% 5,08% 5,08% 5,04% -0,99%

Makedonijaturist AD Skopje 1,09% 1,09% 1,13% 1,14% 1,12% 1,15% 0,06%

Stopanska banka AD Skopje 92,73% 92,69% 92,64% 92,55% 92,47% 92,46% -0,27%

Stopanska banka AD Bitola 4,18% 4,04% 4,00% 3,89% 3,83% 3,83% -0,34%

Makedonski Telekom AD Skopje 1,51% 1,51% 1,51% 1,51% 1,51% 1,51% 0,00%

Ohridska banka AD Skopje 73,47% 73,45% 73,32% 73,39% 73,34% 73,36% -0,09%

NLB Banka AD Skopje 90,20% 90,20% 90,12% 90,12% 90,16% 90,09% -0,18%

Data as last day of trading in currently month according to the Central Securities Depository, regarding the participation of the foreign investors in the number of shares.

Year 21 Number 263

MBI10 LISTED COMPANIES RATIOS

Issuer

P/E Ratio[1] Dividend yield[2] Average price

30.12.2016 Average price

30.06.2017 % of change

Alkaloid AD Skopje 11,35 4,31% 5.387,14 5.805,00 7,76

Granit AD Skopje 7,62 3,84% 580,00 739,00 27,41

Komercijalna banka AD Skopje 7,63 5,66% 2.854,47 2.656,48 -6,94

Makpetrol AD Skopje 8,01 3,60% 27.068,71 28.000,00 3,44

Makedonijaturist AD Skopje 13,87 5,16% 3.698,75 3.680,00 -0,51

Stopanska banka AD Skopje 6,87 32,44% 768,26 888,00 15,59

Stopanska banka AD Bitola 18,35 0,00% 1.299,00 1.370,00 5,47

Makedonski Telekom AD Skopje 22,48 5,97% 260,00 241,00 -7,31

Ohridska banka AD Skopje 5,14 1,94% 3.812,00 5.100,00 33,79

NLB Banka AD Skopje 5,89 9,14% 8.701,53 10.890,00 25,15

[1] Share price at last day of trading in currently month,/ Earnings per share [2]The ratios are calculated using the data from the last published Audited financial reports and last payed dividend.

MAX January-June(03.03) 2.311,92

MIN January-June(03.01) 2.137,32

% of change from 30.06.2016 33,71%

% of change from 31.12.2016 6,91% All about MBI10 on: http://www.mse.com.mk/Indicies.aspx?Index=MBI10

Value at 30.06.2017 2.282,34

MBI10

4


*The model for calculation of yield to maturity is adapted to the characteristics of the bonds. Calculation date is 30.06.2017, using the last average price of the bonds.

Year 21 Number 263

MAX January-June(08.05) 130,29

MIN January-June(04.01) 127,83

% of change from 30.06.2016 2,40%

of change from 31.12.2016 1,65%

Value at 30.06.2017 129,94

OMB

OVERVIEW OF THE TRADING WITH BONDS

Max (%) Min (%) Last daily average

price (%) Last Trading

day

Volume(NV in euro)

Turnover(NKD)

Turnover(EUR)

Yield to maturity*

Government bonds denationalization.(RMDEN06) 99,30 98,20 99,30 01.03.2017 5.884 357.348 5.810 -

Government bonds denationalization.(RMDEN07) 98,90 98,10 98,90 01.03.2017 4.424 268.120 4.358 3,22%


Government bonds denationalization.(RMDEN09) 98,20 95,40 98,00 08.05.2017 763.651 45.349.843 736.780 3,09%







All about OMB on: http://www.mse.com.mk/Indicies.aspx?Index=OMB

FOREIGN AND DOMESTIC INVESTORS IN THE TOTAL TURNOVER

January February March April May June

Buying Foreign private investors 1,44% 0,73% 0,82% 1,37% 1,59% 1,71%

Buying Foreign Legal investors 0,04% 0,74% 7,10% 5,57% 3,05% 18,37%

TOTAL 1,47% 1,47% 7,92% 6,94% 4,64% 20,09%

Buying Domestic private investors 53,77% 35,56% 51,08% 37,58% 45,46% 38,94%

Buying Domestic Legal investors 44,76% 62,97% 41,00% 55,48% 49,90% 40,98%

TOTAL 98,53% 98,53% 92,08% 93,06% 95,36% 79,91%

Selling Foreign private investors 0,80% 1,37% 0,94% 1,86% 2,61% 1,79%

Selling Foreign Legal investors 8,31% 4,43% 9,06% 12,04% 28,25% 26,44%

TOTAL 9,11% 5,80% 10,00% 13,90% 30,87% 28,24%

Selling Domestic private investors 53,45% 69,05% 58,60% 57,42% 44,40% 47,61%

Selling Domestic Legal investors 37,44% 25,16% 31,40% 28,68% 24,73% 24,15%

TOTAL 90,89% 94,20% 90,00% 86,10% 69,13% 71,76%

Data as last day of trading in currently month according to the Central Securities Depository, regarding the participation of the foreign and domestic investors in the total turnover.

5


Year 21 Number 263

Issuer Nominal value Number of Out-standing shares

Max. price Min. price Average

price

Num. of transac-

tions

Turnover (MKD)

Turnover (EUR)

Market capitaliza-tion (MKD)

Komercijalna Banka Skopje 1000.00 MKD 2.279.067 3.080,00 2.500,00 2.796,46 1.179 294.008.457 4.771.624 6.054.295.904

Alkaloid Skopje 25.56 EUR 1.431.353 5.901,00 5.351,00 5.615,26 791 175.285.842 2.844.432 8.309.004.165

Makpetrol Skopje 511.29 EUR 112.382 28.700,00 26.190,00 27.392,54 381 161.563.678 2.623.362 3.146.696.000

Stopanska Bank Skopje 201.10 MKD 17.460.180 970,00 766,00 910,03 815 149.113.585 2.420.025 15.504.639.840

NLB Bank Skopje 1000.00 MKD 854.061 11.590,00 9.050,00 10.372,02 507 144.496.816 2.345.264 9.300.724.290

New department store Strumica 1000.00 EUR 1.249 92.250,00 61.500,00 86.392,86 51 89.697.750 1.454.643 76.813.500

Granite Skopje 5.00 EUR 3.071.377 780,00 582,00 682,79 676 82.437.588 1.337.837 2.269.747.603

Ohridska Bank Skopje 2650.00 MKD 438.586 5.390,00 3.900,00 4.846,91 328 52.724.464 856.040 2.236.788.600

Makosped Skopje 1000.00 MKD 788.424 230,00 141,00 172,79 31 52.167.255 845.625 181.337.520

Makedonijaturist Skopje 25.56 EUR 452.247 3.900,00 3.400,00 3.626,61 101 49.174.463 797.509 1.664.268.960

Stopanska Banka Bitola 3000.00 MKD 390.977 1.485,00 1.255,00 1.328,76 96 43.948.778 714.434 535.638.490

Fersped Skopje 37400.00 MKD 18.113 46.000,00 41.710,00 43.476,41 44 40.578.022 657.994 815.085.000

Skopski Pazar Skopje 51.13 EUR 70.937 18.499,00 9.010,00 14.889,21 22 37.766.175 613.205 1.238.560.020

Beton Skopje 255.65 EUR 54.562 13.000,00 10.500,00 11.335,31 208 24.113.891 391.451 589.935.256

Toplifikacija Skopje 51.13 EUR 450.000 2.083,00 852,00 1.150,85 361 18.926.002 307.043 663.750.000

UNI Bank Skopje 1000.00 MKD 545.987 1.980,00 900,00 1.329,33 215 17.430.044 282.741 1.075.479.733

Ading Skopje 9.98 EUR 386.400 750,00 601,00 687,87 48 16.716.239 271.508 262.752.000

Makedonski Telekom Skopje 100.00 MKD 95.838.780 268,00 240,00 256,35 159 13.355.805 216.761 23.097.145.980

Prilepska Pivarnica Prilep 125.00 EUR 39.918 41.200,00 33.501,00 37.979,63 29 13.070.357 212.452 1.596.720.000

Replek Skopje 562.42 EUR 25.920 45.500,00 42.000,00 43.795,84 40 12.714.347 206.601 1.140.480.000

Makstil Skopje 5.11 EUR 14.622.943 105,00 73,00 86,35 302 12.132.008 196.871 1.463.171.677

ZK Pelagonija Bitola 70.21 EUR 202.891 2.700,00 2.500,00 2.544,45 55 11.962.508 194.370 507.227.500

Oilco KDA Skopje 6000.00 MKD 250.923 6.000,00 6.000,00 6.000,00 7 10.897.743 176.655 1.505.538.000

OKTA Skopje 51.12 EUR 846.360 2.922,00 2.210,00 2.545,55 96 9.081.193 147.382 2.335.107.240

Vitaminka Prilep 52.78 EUR 76.720 9.000,00 8.755,00 8.948,17 37 8.656.625 140.446 675.136.000

Stopanska Bank Skopje - priority 400.00 MKD 227.444 770,00 631,00 707,12 127 8.341.784 135.401 175.131.880

RZ Services Skopje 5.11 EUR 1.571.668 126,00 92,00 104,26 227 7.771.011 126.095 198.030.168

Teteks Tetovo 50.40 EUR 414.171 1.290,00 894,00 1.049,21 32 7.619.880 123.846 497.005.200

Cementarnica USJE Skopje 3100.00 MKD 563.784 24.500,00 22.500,00 23.061,44 47 7.295.567 118.478 12.967.032.000

TTK Bank Skopje 1000.00 MKD 907.888 852,00 698,00 753,16 67 7.024.532 114.055 661.378.250

Concrete Stip 25.00 EUR 41.804 1.601,00 1.566,00 1.588,83 7 5.644.267 91.512 66.928.204

Techmetal Vardar 80.186 1 5.126.000 83.354 41.295.790

Pekabesko AD Kadino, Ilinden 46.00 EUR 32.450 13.500,00 8.500,00 12.013,80 35 4.590.679 74.501 421.850.000

FZC 11 October Kumanovo 51.13 EUR 491.000 905,00 700,00 831,42 60 3.300.688 53.572 440.377.900

Winery Tikves Skopje 51.13 EUR 270.450 2.999,00 2.001,00 2.300,82 26 1.765.744 28.641 676.125.000

Ugotur Skopje 1.05 EUR 866.160 7,00 7,00 7,00 9 1.616.118 26.259 6.063.120

Rade Koncar - Skopje 25.00 EUR 206.230 1.527,00 1.470,00 1.502,27 12 1.027.914 16.678 312.438.450

Modern home Prilep 5.11 EUR 684.670 30,00 30,00 30,00 2 1.022.220 16.623 20.540.100

Skopski Pazar Skopje-priority 51.13 EUR 14.629 3.500,00 3.298,00 3.433,00 11 965.580 15.665 48.246.442

Osiguruvanje Macedonia Skopje - Viena Insurances Group 20.08 EUR 717.462 1.701,00 1.461,00 1.571,65 16 779.761 12.666 1.220.402.862

Zito Luks Skopje 35.79 EUR 819.238 288,00 150,00 195,33 17 735.105 11.943 122.885.700

Karpos Skopje 17.04 EUR 299.112 676,00 500,00 588,00 3 600.676 9.737 149.556.000

ADUT Macedonia Bitola 51.13 EUR 35.000 1.000,00 1.000,00 1.000,00 32 546.000 8.851 35.000.000

Fusterelko Borec Bitola 37.65 EUR 71.709 1.200,00 1.000,00 1.130,00 5 533.500 8.674 71.709.000

Ogradiran Strumica 50.00 EUR 40.215 1.250,00 1.250,00 1.250,00 3 465.000 7.538 50.268.750

Hotels Metropol Ohrid 5.00 EUR 1.035.000 239,00 201,00 229,56 10 321.726 5.225 238.050.000

Blagoj Gjorev Veles 25.56 EUR 516.000 350,00 350,00 350,00 1 315.000 5.106 180.600.000

Transk-patnicki soob. Bitola 51.13 EUR 30.000 1.500,00 1.500,00 1.500,00 6 315.000 5.117 45.000.000

Arcelormittal Skopje (CRM) Skopje 5.11 EUR 32.950.713 31,00 21,00 26,62 15 293.759 4.765 988.521.390

RZ Technical Control Skopje 5.11 EUR 210.419 465,00 390,00 420,00 12 260.875 4.236 84.167.600

Arcelormittal Skopje (HRM) Skopje 5.11 EUR 11.939.699 20,00 13,00 15,67 21 234.327 3.803 238.793.980

Centralna Kooperativna Banka Skopje 41.21 EUR 553.087 615,00 615,00 615,00 1 211.560 3.440 340.148.505

Veteks Veles 51.13 EUR 30.048 945,00 945,00 945,00 6 193.725 3.143 28.395.360

Automakedonija Skopje 44.48 EUR 82.529 1.650,00 1.507,00 1.578,50 3 166.100 2.694 136.172.850

TEAL-Alumina Tetovo 51.13 EUR 58.334 730,00 730,00 730,00 1 157.680 2.564 42.583.820

Other listed shares on Official mar-ket with turnover less than 100.000 MKD 26 478.240 7.760 12.627.104.487

Total 7.420 1.611.739.653 26.158.214 119.377.846.086

6

6

TURNOVER PER MEMBERS / in denars*

Member

Mem-ber

Trading in BEST % in BEST Block

transaction % Block Public auctions % Public auctions Total

ILIRIKA INVESTMENTS AD Skopje IL 800.052.340 26,63 122.574.372 11,59 0 0,00 922.626.712

Komercijalna Banka AD Skopje KB 646.392.680 21,51 85.149.062 8,05 12.890.642 50,00 744.432.384

Eurohaus AD Skopje EH 459.074.122 15,28 62.622.406 5,92 0 0,00 521.696.528

NLB BANKA AD Skopje TN 275.615.282 9,17 231.334.050 21,87 0 0,00 506.949.332

Sparkase Banka Makedonija Skopje SP 153.366.000 5,10 201.014.929 19,00 0 0,00 354.380.928

Fersped Broker AD Skopje FR 36.638.559 1,22 199.302.376 18,84 12.890.642 50,00 248.831.577

Inovo Broker AD Skopje IN 138.994.103 4,63 108.323.242 10,24 0 0,00 247.317.345

TTK Banka AD Skopje TK 140.087.643 4,66 36.193.260 3,42 0 0,00 176.280.903

Stopanska Banka AD Skopje SB 151.408.184 5,04 0 0,00 0 0,00 151.408.184

INVESTBROKER AD Skopje MI 115.879.264 3,86 4.089.400 0,39 0 0,00 119.968.664

Eurostandard banka AD Skopje ES 86.928.159 2,89 7.290.320 0,69 0 0,00 94.218.479

Total 3.004.436.334 100,00 1.057.893.417 100,00 25.781.284 100,00 4.088.111.035

SEMIANNUAL STATISTICAL BULLETIN

*Turnover via BEST system and turnover in block trades is calculated on the basis of double counting, in order to include the executed cross trades by the MSE members in the structure of the overall

MSE turnover. As since July 13, during the government auctions on the selling side there is no brokers (i.e. MSE performs this role), the turnover derived from government auctions is still calculated on the basis of single counting.

Year 21 Number 263

MEMBERS OF MACEDONIAN STOCK EXCHANGE

Member Address Tel/fax Е-mail Web page

EUROSTANDARD BANKA AD Skopje ul. Nikola Kljusev, br 2, Skopje 3224300 ; 3140210; 3140211 [email protected] www.eurostandard.com.mk

EUROHAUS AD Skopje Bul. Sv. Kliment Ohridski br.52-а, vlez 1, kat 2, broj 5 , Skopje

02/ 3217-095; Факс: 02/3217-078; [email protected]

www.eurohaus.com.mk

ILIRIKA INVESTMENTS AD Skopje Bul. Sv. Kliment Ohridski br.45, kat 1, lokal 8 , Skopje 02/3296-853, Fax ::02/3213-785 ; [email protected] www.ilirika.com.mk

INVESTBROKER AD Skopje ul. Istarska br. 33, Skopje 02/3110-290; Fax ::02/3103-291; invest-brоker@investbrоker.com.mk

www.investbroker.com.mk

INOVO BROKER AD Skopje Bul.Teodosij Gologanov br.60/1-4, Skopje

02/3120-941 ; Fax ::02/3110-950 ; [email protected] www.innovobroker.com

KOMERCIJALNA BANKA AD Skopje-Direkcija za trguvanje so hartii od vred-nost

Ul. Orce Nikolov br.3, Skopje 02/3247-440;Fax :02/3111-037 ; [email protected] www.kb.com.mk

NLB BANKA AD Skopje Bul Majka Tereza br.1, Skopje 02/5100-354; Fax :02/ 3296-219; [email protected] www.nlbtb.com.mk

STOPANSKA BANKA AD Skopje-Direkcija za rabota so hartii od vrednost I broker-sko-posrednicki uslugi

bul.11 Oktomvri br.7, Skopje 02/3295-405, Fax ::3295-551 ; [email protected] www.stb.com.mk

ТТК BANKA AD Skopje-Oddel za rabota so hartii od vrednost

ul.Naroden front br.19 Skopje 02/3216 530 ; Fax : :02/3216 530; [email protected] www.ttk.com.mk

FERSPED BROKER AD Skopje ul. Makedonija br.11A, Skopje 02/ 3219-333 ; Fax ::02/3219-477 ; [email protected] www.fersped.com.mk

Sparkase Banka Makedonija AD Skopje Ul. Makedonija br.9-11 02/3200-785; 02/3200-785; [email protected] www.sparkasse.mk

mailto:[email protected]

http://www.eurohaus.com.mk/

http://www.stb.com.mk/

1 semiannual statistical bulletin january june 2017

Documents