News and press

In 2007 the long-term deposits will become more popular
The share of long-term deposits among the attracted resources of individual persons to VAB Bank since the beginning of the year has grown by 19.5% and now stands at 78.9%.

The net assets of VAB Bank increased to more than 5 milliards of hryvnyas
The net assets of VAB Bank since the beginning of 2007 have grown by 22% or 965 million UAH and on the July 1^st 2007 amounted to 5,4 milliards UAH.

The employees of VAB Bank detained a swindler
On Monday on July, 2, the employees of the security department of the retail business of VAB Bank in co-operation with the criminal police of Shevchenko RU GU MVD of Ukraine arrested a swindler which tried to get a VAB Bank consumer credit in a points of sale using a counterfeit passport.

Credit-rates will change insignificantly in the near future
«The change of interest rates on credits and for security of real estate will have mainly a seasonal character.

Mortgage portfolio of VAB Bank exceeds 400 million UAH
The volume of the mortgage portfolio of VAB Bank has grown by 24% compared to last year. Today it exceeds 400 million UAH.

Deposit portfolio of VAB Bank grew almost 32% in the first half of the year
From the beginning of year the volume of the attracted funds in the portfolio of VAB Bank has grown by 31.9% and now amounts to about 1.4 milliard UAH.

VAB Bank increased its credit portfolio with individuals since beginning of the year by 51 %
Since the beginning of 2007 VAB Bank has increased its credit portfolio with physical persons to the amount of 256 million UAH, that is 131.2 million UAH more than for the same period of last year.

Vab Bank raises subordinated debt
VAB Bank has signed subordinated loan agreement with TBIF Financial Services  B. V. (Amsterdam, Netherlands), the Bank's largest shareholder. The facility in amount of $10 million, which matures in five years, shall be utilized to finance customer loan portfolio of the Bank.

Number of VAB credit cards issued since the beginning of 2007 increased by 15 %
From the beginning of 2007 VAB Bank has issued almost 39 500 credit cards of the international pay system MasterCard International and Visa International.

VAB Bank successfully completed the placing of the bonds issue by «Sumykhimprom»
VAB Bank completed the placing of the bonds of «Sumykhimprom» with the followings basic parameters: