News

May, 13

New Services Available for Bank Forum Corporate Clients

PJSC "BANK FORUM" introduces its new service for corporate clients – SWIFT-info МТ 940. МТ 940 messages contain information about status of accounts and their activity (in both national and foreign currency). Service is available at its highest European standards for all transaction accounts opened at PJSC "BANK FORUM". Information is sent by Bank Forum to the financial institution (bank), which is authorized by account holder to receive such information.

Delivery of information about status of accounts of large companies’ subsidiaries, which are clients of a different bank, is of high demand today. "Settlement transactions belong to one of fast-developing activities of commercial banks. Growth of companies, especially within international business, constantly prompts banks to offer corporate settlement services", says Serhii Safonov, Member of the Board, Corporate Business.

Large companies and companies with foreign capital make up target group of the product. Service is expected to be used mainly in large cities of Ukraine. SWIFT-info МТ 940 is characterized by the convenient frequency of compiling and delivery (on a daily, weekly and monthly basis) and flexible tariffs, based on message delivery frequency (Intensive, Medium, and Light).

 

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 May 1, 2010, the Bank’s authorized capital totals UAH 2.260 bn, net assets – UAH 17.464 bn, total assets – UAH 22.945 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.