The EBRD is considering providing a Tier II capital qualifying as subordinated loan in the amount of USD80 million to support Bank Forum’s capitalisation.
The mix of Tier I (provided by the shareholders) and Tier II capital (support from the EBRD) will help to ensure that the bank has the capital cushion to weather the economic downturn in Ukraine.
The Project will support a significant financial institution in the country with a sizeable client base. More broadly, it will help in maintaining a functioning banking sector and support a level of financial intermediation and continued lending to the real economy, while also contributing to improve overall market confidence.
Bank Forum is the 11th largest bank in Ukraine controlled by Commerzbank AG, the second largest bank in Germany.
A ten-year Tier II subordinated loan in the amount of USD 80 million.
The total operation amount is USD 80 million.
Forum will conduct its business in accordance with EBRD’s Environmental Performance Requirement (“PR”) 2 and apply PR 9 when making local loans which will be required to comply with applicable national environmental, health and safety and labour requirements. Forum should adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit annual environmental and social reports to the Bank.
Forum Bank has received institution building technical assistance for the implementation of Mortgage lending from the Canadian International Development Agency under the CIDA - Ukraine SME Cooperation Fund. Further technical assistance for is not currently envisaged.
Mr. Oleksii Pavlov
Head of Division
Strategic Investors Relationship
B.Khmelnytskoho Str., 17/52
Tel. +38 044 205 3559
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