OREANDA-NEWS. December 1, 2010. Forum Bank intends to expand its loan portfolio by 20% to UAH 18bn in 2011, the Chairman of the Board Mr.Kolesnyk announced Nov 30.

Millennium Capital deems this news as NEUTRAL for Forum Bank. Millennium Capital expected high double-digit loan book growth target from the bank and this statement by Mr.Kolesnyk accords with Millennium Capital’s expectations. According to Millennium Capital’s estimations, the bank’s spare liquidity combined with the funds from a recent additional share issue and a deposit inflow enables Forum Bank to boost its loan book by c.30% in 2011.