Bank Forum AGM Increases Statutory Fund By 80.5%

At their AGM on March 16, Bank Forum’s (FORM: BUY) approved the results of the bank’s statutory fund increase by 80.5% to USD 221 mln. The bank’s shareholders also voted to allocate the bank’s USD 5.5 mln in net profits from 2006 to the bank’s reserve fund. Forum’s shareholders additionally approved the bank’s strategy for 2007-2011 and budget for 2007.