Bank Forum’s net income increased 76.7% yoy in 9M08
10 October 2008
Bank Forum (FORM: BUY) announced yesterday its 9M08 financial results: the bank’s net income rose 76.7% yoy to USD 12.9 mln; net assets grew 50.5% yoy to USD 3,423.6 mln; loan portfolio expanded 47.7% yoy to USD 2436.3 mln, and equity was up 50.5% yoy to USD 388.8 mln. In the related news Bank Forum said it had early redeemed a one year USD 90 mln syndicated loan attracted at Libor+1.65%.
