Bank Forum Increases Net Income 29.1% yoy 1H07
18 July 2008
Bank Forum (FORM: HOLD) released its 1H07 net income, revealing a 29.1% yoy increase to USD 4.4 mln, a midterm pace that would finish below our end 2007 forecast of USD 11.6 mln. The bank expanded its assets 28.2% YTD to USD 1.9 bln. Its gross customer loan portfolio increased 27.4% YTD to USD 1.3 mln as loans to corporations rose 22.2% to USD 1.0 bln and loans to individuals – 54.5% to USD 0.3 bln. Bank Forum is Ukraine’s 11th largest bank by assets.
