News and press

VAB Bank created a Private Banking department
According to the VAB Bank, for the last two years, the number of clients, who would like to get the private banking services, had doubled.

VAB Bank was chosen the “Brand of the year - 2008”
VAB Bank’ brand was chosen in the nomination of “Excellent reputation” among other banks in the Ukrainian annual contest “Brand of the year - 2008”. This information was reported by the contest organizers.

VAB will involve “Mystery shopper” to evaluate the quality of services
On May 14th VAB Group held a press-briefing about “The Competition in banking sector: focus on retail”. Chairman of the Management Board of VAB Group Peter Baron and VAB Bank’s Deputy Chairman of the Management Board responsible for retail business, Zhanna Alekseyeva took part in this briefing.

Recognition of VAB Brand reaches 47%
According to the research made by the Innovative Research Solution marketing agency VAB Brand is well known to the half of the respondents, who characterized it to be a “modern, dynamic and European” brand.

VAB Bank was chosen the “Brand of the year - 2008”
VAB Bank’ brand was chosen in the nomination of “Excellent reputation” among other banks in the Ukrainian annual contest “Brand of the year - 2008”. This information was reported by the contest organizers.

The Supervisory Board of VAB Bank has agreed to accept resignation of Mr. Petr Rasocha from the position of the Chairman of the Management Board
The Supervisory Board of VAB Bank has agreed to accept resignation of Mr. Petr Rasocha from the position of the Chairman of the Management Board of VAB Bank due to family reasons. However, Mr. Rasocha will continue to act as the advisor to VAB on retail business development.

Consultants from London Business School (LBS) started to work on strategic projects of the VAB Group
Students of the LBS Executive MBA program started to work on the VAB strategic projects: the strategy for launch of the VAB Titan mutual fund with optimal utilization of all possible sales channels and the development of a single call centre for all companies of the VAB Group.

VAB Bank has joined the campaign ”Visa Olympic movement. Your road to Peking”
VAB Bank has supported Ukrainian marketing campaign “Visa Olympic movement. Your road to Peking”, which will start on April 1st 2008, within the framework of Visa International Olympic sponsorship in association with Ukrainian banks.

Lukas Tursa is appointed as VAB Bank Deputy Chairman
VAB Bank Supervisory Board decided to appoint Lukas Tursa as the Deputy Chairman of the Management Board. In his new position Mr.Tursa will be in charge of treasury operations, international borrowings, and VAB Bank investment business.

VAB Bank increased deposits rates
On May, 11th, 2008 VAB Bank increased deposits rates for private customers in UAH, USD and Euro in almost all deposit programs.