OREANDA-NEWS. On 20 August 2009 was announced, that Bank Forum "FORM UZ U/R" announced its plans to raise the charter fund by UAH 1.1bn or 33% to UAH 3.4bn. With this aim the bank will issue 110mn of shares at par of UAH 10. Time of the share placement was not announced. The shares will be distributed among FORM's shareholders.

Millennium Capital sees the news to be positive for FORM, since the funds increase may be directed on bank’s Eurobonds redemption (USD 100mn) maturing in October 2009. The additional share issue is expected to be purchased by FORM’s major shareholder – Commerzbank.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.