News

17.12.2007: Bank Forum is about to increase the authorized capital by UAH 500 million; Forum JSCB is about to increase its authorized capital by UAH 500 million

17.12.2007: Forum and Commerzbank AG have signed the $50 million Subordinated Loan Agreement; Bank Forum and Commerzbank AG (Germany) have signed the USD 50,000,000 Subordinated Loan Facility Agreement with the tenor of 6 years

16.10.2007: Bank Forum attracted USD 90 million syndicated trade-related term loan facility.; On 4th of October 2007, Bank Forum signed a USD 90 million Syndicated Loan Facility Agreement. The Facility is structured as a 364 days term loan with the same term extension option and had a margin of 165 bps p.a.

16.10.2007: Financial result of Bank FORUM for January-September 2007 amounted to UAH 36.8 million; Financial result of Bank FORUM for January-September of the year 2007 amounted to UAH 36.8 million that increased by 69.0% comparing to the similar period of the year 2006.

24.09.2007: Moody’s Investors Service has placed ratings of JSCB Forum on review for possible upgrade; Moody’s Investors Service has placed ratings of JSCB Forum on review for possible upgrade

20.09.2007: Fitch Places Bank Forum on Rating Watch Positive; September 19, 2007 Fitch Ratings placed Bank Forum’s («Forum») Long-term foreign currency Issuer Default rating (IDR) of ’B-’ (B minus) and Support rating of ’5’ on Rating Watch Positive (RWP)

18.09.2007: Commerzbank acquires majority stake in Bank Forum; On 17 September 2007, the shareholders of Bank Forum and Commerzbank reached agreement for Commerzbank to acquire 60% plus one share of Bank Forum.

28.08.2007: JSCB Forum Representative Office is registered in Kazakhstan; August 22, 2007 Ministry of Justice of the Republic of Kazakhstan registered a JSCB Forum Representative Office in Kazakhstan.

06.08.2007: Net assets of JSCB Forum have passed 10 bln. mark; On August 1, 2007 net assets of Joint Stock Commercial Bank FORUM have passed 10 bln. mark

06.08.2007: Auto loan portfolio of JSCB Forum totals UAH 238 mln.; For six months the auto loan portfolio has increased by UAH 93,2 mln. or by 65%

04.05.2007: Moody’s announces bank rating actions for Ukraine resulting from implementation of JDA and BFSR Methodologies — Ratings of JSC Bank Forum were upgraded; New York, May 04, 2007 — Moody’s Investors Service today published the rating results for banks in Ukraine as part of the application of its refined joint default analysis (JDA) and updated bank financial strength rating (BFSR) methodologies.

25.04.2007: JSC Bank FORUM repaid the interest on its Eurobonds issue; On April 25, 2007 Bank FORUM accomplished the repayment of the semi-annual coupon in line with the concluded agreement in the amount of USD 5.11 mln.

02.04.2007: JSC Bank Forum will take part in the strategic management competition ranked #1 in the world — Global Management Challenge; On May 17, 2007 three teams from the JSC Bank Forum will be participating in elimination contest of the Global Management Challenge national tournament. This competition gives chance to the employees of the company to reveal their professional and personal qualities.

21.03.2007: Shareholders of JSCB FORUM have summarized the work of the Bank for the year 2006; The annual General Shareholders Meeting of Joint Stock Commercial Bank FORUM was held on March 16th, 2007 on which the results of JSCB FORUM's budget accomplishment and the annual financial statements of the Bank for the year 2006 have been approved.

14.03.2007: Bank Forum attracted a $ 36million syndicated loan from the EBRD with a tenor of 3 years.; Bank Forum attracted a $ 36million syndicated loan from the EBRD with a tenor of 3 years.

28.02.2007: Extension and increase of the USD 60,000,000 trade-related syndicated term loan facility dated 7th March 2006; On February 27th 2007, Raiffeisen Zentralbank Österreich AG («RZB»), and Standard Bank Plc («SB») and a consortium of lenders have signed into the extension and increase of the USD 60,000,000 Trade Related Syndicated Term Loan Facility for Bank FORUM.

20.02.2007: FORUM Bank — the most transparent company of the Financial Services Sector; According to the results of a comprehensive study of corporate governance in Ukraine conducted by the investment bank Concorde Capital Bank FORUM was acknowledged as the most transparent company of the Financial Services Sector

09.02.2007: Victor Zinchenko appointed Deputy Chairman of the Board responsible for Financial Markets Business; Mr Zinchenko, Head of the Financial Markets Department and Member of the Board of the JSC Bank Forum was appointed Deputy Chairman of the Board responsible for Financial Markets Business. Prior to joining the Bank, Victor Zinchenko was employed at Antek Bank and First Ukrainian International Bank.

05.02.2007: JSC Bank Forum is one of TOP 3 banks-leaders in assets growth; According to the NBU statistics in the year 2006 FORUM Bank joined TOP 3 banks with the most dynamic assets growth. Last year Bank FORUM increased its net assets by 97% to UAH 7,378 million.

02.02.2007: FORUM Bank is one of the TOP 10 largest banks in Ukraine; As at 1 January 2007 the National Bank of Ukraine included FORUM Bank in TOP 10 largest banks in Ukraine.

30.01.2007: A new branch of JSC Bank Forum in Cherkasy is registered; The National Bank of Ukraine has registered Cherkasy branch of JSC Bank Forum at the address: 135 Shevchenko Blvd.

29.01.2007: Shareholders of the JSC Bank Forum will review the Bank's performance in the year 2006; On March 16, 2007 shareholders of FORUM Bank will have a meeting to examine the Board reporting on the Bank's financial and economic activities in the year 2006.

11.01.2007: A new branch of JSC Bank Forum in Chernigiv is registered; The National Bank of Ukraine has registered Chernigiv branch of JSC Bank Forum at the address: 55 Mira Ave. New point of sale of the Bank in the heart of the Chernigiv business centre will provide the whole range of bank services.