News and press

Inflationary pressure is not the driving factor in the change of rates on credits and deposits
At present the effective rates on deposits (on which to a great extent depend the rates credits) in Hryvnyas are positive and are about one and a half times the rate of inflation.

VAB Bank grows in savings and current accounts with corporate clients
In July the volume of facilities of corporate clients of VAB Bank grew by 10% and as of 1st of August stands at 1.15 milliards UAH.

65 % increase in credits on car sales expected in the second half of the year
At present more than 55% of the car purchases are done with a credit. Taking into account the continuous improvement in the terms given for car credits, it is possible to assume that by the end of the year the share of sales of cars on credit will make up 60-65%.

VAB Bank increases its credit portfolio with private clients by 13%
In July, 2007 VAB Bank gave out credits to private clients for more than 99 million UAH; an increases of 13%.

Until the end of 2007 credit rates on mortgages in UAH will not change dramatically
«Today the basic source of funding of Hryvnyas credits for banks is based on Hryvnyas deposits.

VAB Bank business on financing agreements grows by 20 %
Since the start of making factoring agreements in February 2007 VAB Bank has already more than 1 000 deliveries of commodities for a total amount of 32 millions UAH.

In 2007 clients of VAB Bank used their cards more than 22 000 times
In the first half of 2007 the clients of VAB Bank used their credit cards more than 12 000 times to draw money in ATM outside of Ukraine and 22 000 times VAB Bank cards were used for payments.

A credit card gives comfort and safety during a holiday abroad
In the opinion of the head of the department of retail business of VAB Bank, Anton Shaperenkov, the best combination in the management of ones money on a holiday trip abroad is a credit card and a limited amount in cash.

VAB Bank opened the new branch in Chernigov
On 27^th of July, 2007 was the inauguration of the Chernigov branch of VAB Bank, which is located at 80 Prospect Mira in Chernigov.

VAB Bank has already sold more than 30% of its investment coins in the primary market
This year for the first time VAB Bank began to offer silver investment to its clients and has already sold more than 30% of the first lot.