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Abigail Hofman:

Abigail Hofman:

I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial

The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

Thursday, July 10, 2008

Forum bank increases net profit by 85% y/y to UAH 41.6mn in H1/08.





Forum bank increases net profit by 85% y/y to UAH 41.6mn in H1/08. Forum bank posted net profit of UAH 41.6mn in H1/08, showing an increase of 85% y/y. At this, bank’s net assets reached UAH 15.4bn, shareholders’ equity was UAH 1.4bn, and credit portfolio amounted to UAH 11.3bn. On July 21, 2008 Forum bank starts placement of D series UAH 500mn (USD 103mn) bonds. The bonds mature in 5 years, and coupon annualized yield is set at 12%. The bank will issue 500,000 bonds with a nominal face value of UAH 1,000. As we reported, Fitch assigned AAA(ukr) to the forthcoming issue. To note, German Commerzbank owns 60+1 share of Forum Bank.







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