The net profit of Kyiv-based Forum Bank (the Commerzbank Group) in January-September 2012 came to UAH 3.595 million, while year-over-year its net loss stood at UAH 429.722 million.

According to a bank report, in the third quarter of 2012 its net profit totaled UAH 1.011 million, while in July-September 2011 it amounted to UAH 119.645 million.

Net interest-bearing income in the period fell by 2.2 times, to UAH 189.288 million. In the third quarter of 2012, it amounted to UAH 27.437 million, which is 4.5 times down year-over-year.

Total assets over the nine months of 2012 fell by 11.7%, to UAH 9.249 billion. Credits and clients' debts were down by 15.6%, to UAH 6.141 billion.

As of October 1, 2012, the bank formed reserves for overdue credits at UAH 3.093 billion, or 50.4% of their volume (55.6% as of early 2012).

The bank's equity capital over the period decreased by 0.9%, to UAH 1.478 billion, while charter capital did not change, at UAH 5.935 billion.

As October 1, 2012, Commerzbank Auslandsbanken Holding AG held a 96.0635% stake in the bank.

As reported, in late July this year, Smart-holding agreed on the purchase of the bank from Commerzbank. At present, the deal is being agreed in regulatory bodies. Smart-holding expects that the deal will be finalized by late October.

Forum Bank has been working in Ukraine since 1994.

The National Bank of Ukraine says Forum Bank ranked 24th among Ukraine's 176 banks as of July 1, 2012, with UAH 9.337 billion in overall assets.