News and press

VAB Bank pays coupon on 3-year Eurobonds
VAB Bank paid the second coupon in the amount of USD 6 328 125 on the 3-year Eurobonds due in June 2010. The coupon is paid semi-annually at the rate of 10.125% per annum.

Sumykhimprom paid coupon for the 4th coupon period
On June 9, 2008, Sumykhimprom operating through VAB Bank as the paying agent paid off coupon interest on the A series bonds for the fourth coupon period. The total payment amounted to UAH 1 994 500 or UAH 39.84 per bond. Additionally, Sumykhimprom increased the coupon on the A series bonds from 15% to 19%.

National Bank of Ukraine approved the appointment of Petr Baron as Chairman of the Management Board of VAB Bank
Mr Petr Baron was appointed as Chairman of the Management Board of VAB Bank since 5 June 2008. The respective approval has been made by the National Bank of Ukraine on 29 May 2008. Mr Petr Baron is replacing Mr Petr Rasocha who left the position of Chairman of the Management Board due to family reasons.

VAB Bank paid coupon on the F Series bonds for the fourth coupon period
On June 2nd 2008 VAB Bank paid off coupon interest on the F series bonds for the fourth coupon period. The payment amounted UAH 5,235 million or UAH 34.90 per bond.

VAB Bank paid off coupon on the G Series bonds for the 1% coupon period
On June 2nd 2008 VAB Bank paid off coupon interest on the G series bonds for the 1% coupon period. The payment amounted UAH 2,249 million or UAH 32.41 per bond.

Сool car in addition to the VAB Bank deposit
On June 2nd, 2008 VAB Bank is starting big All-Ukrainian promo campaign “Cool car in addition to the deposit”.

Kostyantyn Poloskov leaves VAB Bank
Mr. Kostyantyn Poloskov, Deputy Chairman of the VAB Bank’s Management Board, who has been with the company since 2006 and was responsible for corporate business, decided to leave the company.

VAB Bank COO Petr Sajvera leaves the company
Mr. Petr Sajvera, Chief Operations Officer, who joined VAB Bank in May 2007 to implement changes in the operations system of the bank, is leaving the bank on the completion of the project and expiration of his contract.

VAB Bank was the first in Ukraine to implement the Network Behavior Analysis (NBA) technology.
VAB Bank became the first company to implement the Network Behavior Analysis (NBA) advanced technology, using Lancope StealthWatch system. NBA technologies are new kind of security tools allowing to get an exhaustive reflection of all on-line and network security processes.

VAB Bank repaid US$ 51,000,000 Syndicated Term Loan Facility
On 25 April 2008 VAB Bank repaid US$ 51,000,000 Syndicated Term Loan Facility lead arranged by UniCredit Markets & Investment Banking, Landesbank Berlin AG, Raiffeisen Zentralbank Osterreich AG.