FORM Discloses 2009 Results
OREANDA-NEWS. January 29,
Millennium Capital sees the main reason of an increase in the FORM’s losses in 4Q09 to be the increase of its loan reserves, which amount was not still disclosed by the bank. Meanwhile, the loss incurred led to a decline of the bank’s equity capital. Millennium Capital will revise recommendation on FORM following the announcement of more detailed statistics and of the decisions approved at its EGM slated for 4 March 2010.
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