Bank Forum To Raise Charter Fund by 45%
4 February 2008
Bank Forum (FORM: BUY) shareholders decided to increase the bank’s charter fund by 45% to USD 321 mln at their February 1 EGM, according to Interfax. Forum will issue 50 mln common shares at par, USD 1.98. Subscription dates have not been announced yet, but will take place within 1Q08. Bank Forum ranks tenth in Ukraine in terms of net assets.
