News and press

In the summer time demand on deposit boxes and credit cards increases by 20%
The summer holidays have led to an increase in the demand on VAB Bank credit cards and deposit boxes.

Holdings in Hryvnyas are a hard competition to foreign currency holdings
The result of the second quarter 2007 shows that VAB Bank has deposits in UAH of more than 572 million UAH, which is 45% of the total holdings of individuals.

First Kiev branch of VAB Bank attracts more than 683 millions UAH
On the July 1^st 2007 the first Kiev branch of VAB Bank had 683.7 million UAH on savings accounts, which is 1,3 more than the same index on the January 1^st 2007.

Demand on the deposit boxes of VAB Bank increased by 25%
Since the beginning of the year demand on the deposit boxes of VAB Bank grew by 25%.

Growth in the emission of VAB Bank pay cards grows by 1,5 time in 2007 — more than the average growth rate of other members of EMA
Until the beginning of July 2007 VAB Bank has issued more than 42 000 credit cards of the leading international pay systems Visa International and Master Card International.

In the market of consumer credits the credits unions are loosing their dominant position
According to the head of the Department of Retail Business and Distribution of VAB Bank, Andrey Repko, by the end of the year the share of credits unions in the market of consumer credits will shrink by 20%.

In the last half year the clients of VAB Bank accomplished transactions for more than 150 million UAH
In the first six months of 2007 the clients of VAB Bank accomplished more than 130 thousand transactions in the networks of trade, both in Ukraine and abroad, in all a sum of more than 150 million UAH, which is more twice that of the previous year.

The number of corporative clients of VAB Bank increased already this year by 21%
Since the beginning of the year the number of legal persons-clients of VAB Bank increased by 21% or 1 899 thousand. Today VAB Bank has over 10 929 clients.

VAB Bank opens a new branch in Kiev
On Jule, 12 2007 VAB Bank opened the branch № 32 of First Kiev affiliate of VAB Bank at the address 4, Naberezno Lygova str.

Rates for currency and Hryvnyas deposits will change in the early autumn
According to the head of the department of retail business of VAB Bank, Anton Shaperenkov, in the next 1-2 months the rates will probably remain at today’s level, or even go down a little.