The Joint-Stock Commercial Bank FORUM is a commercial bank headquarted in Kyiv, Ukraine offering a range of banking services through a network of branches and operational offices. FORUM Bank is one of the largest banks of Ukraine.
Since its foundation in 1994 FORUM Bank proved to be a powerful financial and credit institution, a reliable and stable partner that is consistent with the most contemporary standards of service, enjoying full confidence of its clients in Ukraine and abroad.
FORUM Bank is a universal bank which renders full range of banking services of the European level, finds an individual approach to each client and adheres to flexibility and efficiency in decision-making.
FORUM’s principal activities are corporate banking and individual (retail) banking. They offer banking services to small and medium-sized enterprises («SMEs») as part of their corporate banking business.
Corporate banking, in combination with SME lending, has traditionally been the main focus of their business. The corporate banking business of FORUM Bank includes corporate lending (including long-term loans to SMEs and project finance), deposit taking, micro-financing programmes in association with the European Bank for Reconstruction and Development (the «EBRD») and the German-Ukrainian Fund (the «GUF»), trade finance, brokerage, arrangement and underwriting services for corporate bond issues, issuance of promissory notes and investment project management and advisory services.
As part of its corporate lending business to SMEs, which consists of only long-term loans to SMEs, FORUM participates in programmes funded by the EBRD and the GUF.
FORUM retail banking activities are primarily deposit taking, cash settlement, retail lending, services relating to pension accounts and foreign currency exchange transactions. We offer a range of bank card products to its retail customers, including debit and VISA and MasterCard credit cards. FORUM Bank offers internet-banking services and the ability to access funds through both its own and a shared network of ATMs.
On 28 July 2006, Moody’s assigned the following ratings to the JSC Bank Forum: B2 long term local currency deposit rating (with a positive outlook); a short-term local currency rating of Not Prime and a long-term national scale rating of A1.ua. On 1 September 2006, Fitch assigned to FORUM Bank an Issuer Default rating of B- with a Stable Outlook, a Short-term rating of B, a Support rating of 5 and an Individual rating of D/E.
On 20 November 2006, Moody's Investors Service has changed the outlook on the B2 long-term foreign currency deposit rating of FORUM Bank to positive.
FORUM Bank offers its services via a network of branches and smaller outlets extending throughout Ukraine. The Bank’s branches and outlets (operational offices) offer a wide range of banking services including lending, documentary transactions, securities operations, foreign currency transactions, settlement and payment transactions and international payment cards operations.
The Bank is expanding its network in the most populated and economically developed cities and regions of Ukraine (including Kyiv, Donetsk, Kharkiv, Dnipropetrovsk, Lviv, Odesa, Zaporizhzhia, Luhansk, the Mykolayiv region, the Crimea and other industrial centres).