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CJSC FORUS Bank (Closed Joint-Stock Company “Fora – Opportunity Russian Bank”) is a bank for crediting micro and small businesses. The founder of the bank is FORA Fund for Small Business Support, Russia’s largest financial organization. FORUS Bank Head Office is located in Nizhny Novgorod, Russia.
FORUS Bank received a banking licence on August 25, 2005. Our key activity is financing private entrepreneurs and small businesses. We believe in those willing to go in for business today and seek to provide such people with more financial opportunities to help them reach their goals.
We take advantage of the unique 12 years’ experience of our predecessors, FORA Fund and Opportunity International. Back in the early 90s, many of those who work in FORUS Bank today, provided the support for Russian businessmen by adapting international micro lending technologies to the Russian reality.
Today this knowledge is used in FORUS Bank to support private entrepreneurs nationwide. The products of FORA Fund, the first in Russia to offer a collateral free lending system, are laying the foundation for the financial programs developed in FORUS Bank. Thus, FORUS Bank following FORA is now offering group loans - a program which a decade ago made loan money a lot more easier to access.
Small business financing is just one type of service among the others that FORUS Bank has to offer. Today cash and settlement service is available at our offices is, with deposit and mortgage services expected to be started in future. In a year anyone will be able to open a deposit with FORUS Bank.
FORUS Bank customers are undoubtedly our most valuable assets. Up to date we have won the trust of over 8,000 entrepreneurs with more than 20,000 expected to become FORUS Bank clients by the end of 2006.
To enhance cooperation with our customers, we have opened 38 crediting offices at FORUS Bank affiliates and branches. The bank's branches in St.Petersburg, Rostov-on-Don, Saratov, Voronezh, Volgograd, Lipetsk and other cities of European Russia make it one of Europe’s largest micro financial banks.
Since the beginning of its activities FORUS Bank has aroused interest of such first rate international financial organizations as International Financial Corporation, European Bank for Reconstruction and Development, Blue Orchard, OPIC, BSGV, HSBC, ING, etc. Realizing that our new partners offer new opportunities to our clients, we look forward to enhancing business relations with high-class foreign and domestic organizations.
FORUS Bank is a partner of Opportunity International network, MFC for Central and Eastern Europe, Russian Microfinance Centre and is a member of the Association of Russian Banks.
In 2005, the reputable audit company CJSC "BDO-Unikon", a member of BDO International Audit Network, became the bank’s independent auditor.