FORUS Bank The Regional Microfinance Bank in Russia Dynamic Development.
Post on 13-Jan-2016
The Regional Microfinance Bank in Russia
MissionTo provide a range of high quality banking services for micro and small businesses;To be accessible for small businesses in the regions, reaching beyond the oblast centers;To enable disenfranchised micro entrepreneurs to:Develop their businessesCreate jobsImprove their economic, social and spiritual well-being
FORUS Bank Yr 1 Achievements17,000 Loan clients and 8,500 settlement accounts as of 30 Sept 39 Offices 26 Regions of the Russian Federation1 million USD profit for first year of operation 2,000+ loans disbursed in Aug 2006 3000 USD average loan 15 million USD in capital (end of 2006)
Member of the Opportunity International Global NetworkLargest global microfinance Network, operating in 30 countries with 35 year historyInnovative products and services for micro entrepreneurs810,000 clients 204% growth in outreach over the last three yearsEquity of $110 million
Longevity and Quality in Russian Microfinance1994 Opportunity pioneers microfinance in Russia2000 Fund FORA created 2005 FORA Financed 15,807 clients with 18,138 Loans in 22 regionsPortfolio quality during 5 yrs no more than 0.9% over 30 days August 2005 FORUS Bank launchedFinancing from IFC and EBRDAA- Rating by Microfinancza Rating AgencyBDO Unicon annual IAS auditors
Vast and Growing Regional Network in Russia- existing- 2006- 2007-2008FORUS Bank operates in areas where there are 20,000 people for each bank office!
Profitable Business,Financing Growth
Dynamic Growth (Loan Portfolio)59
Targets for 200724,500 Clients 13.6% ROE 50% Portfolio Growth Improved customer service through technologyNew products to provide full financial service for micro and small businesses
Why Partner with FORUS Bank?Unique growth market Vast NetworkClient ImpactCommitted, energetic staff looking for cutting edge solutions combining banking and microfinance expertiseShareholder and board bring strategic international expertise and resources