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05.08.08 VAB Bank Granted USD16m Loan to Domotechnika
VAB Bank signed USD 16 million-worth loan agreement with Domotechnika LLC, a network of electronics supermarkets, for the period of 24 months.
Commenting the agreement, Mr Roman Kibets, Chief Financial Officer of Domotechnika LLC, remarked that VAB Bank offered the most optimal loan product to date. The funds received will be directed towards working capital increase.
Reference dataVseukrainsky Aksionerny Bank (VAB Bank) has been operating in the Ukrainian financial market since 1992 and belongs to the group large banks in Ukraine according to NBU. In October 2006, VAB Bank became a member of VAB Group. Branch network consists of 25 branches and 143 outlets throughout Ukraine and a representative office in Budapest (Hungary). A large international company, TBIF Financial Services (Amsterdam, the Netherlands), is among the bank’s shareholders. Total assets of VAB Bank amounted to UAH 6.7 billion as of 01 July 2008, total capital — UAH 908,6 million.
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