OREANDA-NEWS. June 28, 2010. The Supervisory Board of PJSC "BANK FORUM" decided on closure of its representative office in the Czech Republic, reported the press-centre of BANK FORUM.     

The decision was made based on a fact that Commerzbank already has the representative office which will provide its services to PJSC "BANK FORUM" clients.
 
Summary:
PJSC "BANK FORUM" was founded in 1994 and is one of the largest Ukrainian banks according to the National Bank of Ukraine. Commerzbank AG is a major shareholder of "BANK FORUM" holding 89,3% of its shares. As of June 1, 2010, the Bank’s authorized capital totals UAH 2.260 bn, net assets – UAH 17.270 bn, total assets – UAH 22.083 bn.

Commerzbank is one of Germany’s leading banks for private and corporate customers. Following the merger of Dresdner Bank and Commerzbank in May 2009, its customers will in future have access to around 1,200 branches, the largest branch network of any German private bank. The new Commerzbank has approximately 15 million private and corporate customers worldwide, who can now enjoy an even broader and more attractive range of Commerzbank products and advisory services. Today some 30% of German foreign trade is channeled through the new Commerzbank, the leading export financier for the German industry. The bank is directly represented in 46 countries as well as through a network of more than 6,000 banking relationships worldwide.

Commerzbank is well positioned in Central and Eastern Europe, serving around 3.9 million customers in the region. In Poland the bank holds a 70% stake in BRE Bank, Poland’s third-largest financial institution. In Ukraine it is the majority shareholder of Bank Forum – a universal bank with a nationwide network. Currently Commerzbank operates in more than ten countries in the region.