Bank Forum Draws USD 60 Mln Syndicated Loan.

Bank Forum Draws USD 60 Mln Syndicated Loan. Bank Forum (FORM: BUY), Ukraine’s 13th largest bank in terms of assets (USD 743 mln) received a USD 60 mln one year syndicated loan at LIBOR+3.5% from Raiffeisen Zentralbank, Standard Bank and Vneshtorgbank. Concorde Capital: This loan puts the bank above its goal of raising USD 25-50 mln in syndicated loans in 2006. Additionally Forum plans to place USD 100 mln in Eurobonds this year. The increasing share of low-cost and long-term foreign borrowing will have a positive affect on the bank’s margins and liquidity.