Bank Forum Announces 1Q06 Results.
28 April 2008
Bank Forum (FORM: HOLD), the thirteenth largest Ukrainian bank in asset terms, posted 1Q06 net income of USD 1.22 mln (16% growth yoy). The bank’s first quarter results suggests that its annual results will be above our forecasts. In addition, the bank’s upcoming USD 15 mln additional share issue this summer will allow it to further increase its assets.
