Bank Forum
TypeJSC
IndustryFinancial services
Founded1994
HeadquartersKyiv, Ukraine
Key people
Vadym Berezovyk, CEO; Sascha Klaus, Chairman of the Supervisory
ProductsRetail, commercial and commercial real estate banking
Number of employees
3,500 (end 2010)
Websitewww.forum.ua

Bank Forum (full name – Public Joint-Stock Company "BANK FORUM") was a Ukrainian bank headquartered in Kyiv, Ukraine. Founded in 1994 , the bank was acquired by Smart Holding in 2012.[1]

Ownership and management

On September 17, 2007 the shareholders of PJSC "BANK FORUM" and Commerzbank AG (Germany) have signed an agreement on acquisition by Commerzbank AG of 60% plus one share of Bank Forum. As of 01.11.2011, Commerzbank AG owns a 96.06% stake in PJSC "BANK FORUM". Shareholders: Commerzbank AG - 96,06% State Street Bank and Trust Company - 1,50% Other shareholders - 2.44% Chairman of the Board of Bank Forum Commerzbank Group is Vadym Berezovyk.

July 30, 2012 Commerzbank sold its stake to Ukrainian Smart Group.[2]

The bank is currently under liquidation according to the National Bank of Ukraine.[3]

Activities

Bank Forum was a founded in 1994 and operated in Ukraine.

Bank Forum was a universal bank which offered a range of banking services.

The bank’s annual financial statements were confirmed by independent international auditors. Every year Bank Forum was rated by Moody's Investors Service (since 2004; ratings as of 1 December 2011: B1/B3) and Fitch Ratings (since 2006; rating as of 1 December 2011 is B).

Since 2001 Bank Forum cooperated with the European Bank for Reconstruction and Development (EBRD), implementing in Ukraine a number of joint programs. Programs included Lending Program for Small and Medium-Size Business, Microlending Program, Trade Facilitation Program, Mortgage Lending Program. In December 2007 Bank Forum became a participant of the all-Ukrainian EBRD program on energy efficiency increase.

Bank Forum was the first Ukrainian banking institution to conduct private placement of 10% of its shares among foreign investors (in 2005), and in 2006 issued and successfully placed Eurobonds.

Bank Membership

  • MasterCard International
  • VISA International (principal member)
  • Association of Ukrainian Banks (AUB)
  • EBRD Agent for a number of business financing programs
  • American Chamber of Commerce in Ukraine (ACCU)
  • Deposit Guarantee Fund
  • First All-Ukrainian Bureau of Credit Histories
  • Ukrainian Interbank Currency Exchange
  • Professional Association of Registrars and Depositories
  • Ukrainian Credit-Bank Union
  • PFTS Stock Exchange
  • Joint ATM network ATMoSfera
  • Joint ATM network Euronet

References

  1. ↑ "Smart Holding Closed a Deal to Acquire Bank 'Forum'". 2012-10-30. Retrieved 2022-06-04.
  2. ↑ "Commerzbank sells Bank Forum to Ukrainian Smart Group". 12 May 2015. Retrieved 2018-06-05.
  3. ↑ "Ukrainian banks undergoing liquidation proceedings". www.bank.gov.ua. Archived from the original on 2013-10-13.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.