Group news

Natalia Shelko is appointed as VAB Bank COO
The Supervisory Board of VAB Bank has appointed Ms. Natalia Shelko as Deputy Chairman of the Management Board and Chief Operations Officer.

VAB web-site launched deposit calculator service
From now on, for the convenience of our clients, who are planning to calculate their profit from the deposit programs, VAB web-site has the deposit calculator service. It can be found in the section called the «deposit programs» and will be primarily used by the private customers to calculate the expected profit, amount needed for the deposit and term of the chosen deposit program.

VAB Insurance calculated results for the first-half year of 2008
According to the data at the end of the first half-year of 2008 operations, the insurance payments of VAB Insurance amounted to UAH 31844,3 thou., insurance payments were UAH 14027,2 thou., which is in 1,36 and 3,03 times more as compared to the same period in 2007.

VAB Bank has Successfully Placed its G Series Bonds for the Total Amount of UAH 125 million
VAB Bank has successfully placed G Series bonds with the following characteristics

VAB Bank Granted USD16m Loan to Domotechnika
VAB Bank signed USD 16 million-worth loan agreement with Domotechnika LLC, a network of electronics supermarkets, for the period of 24 months.

VAB Bank Issued a Loan to Delta Sport Group
VAB Bank signed a loan agreement with Delta Sport Group for the amount of USD 15 million and a tenor of 12 months.

Yuriy Klimov is appointed as VAB Bank Deputy Chairman
The Supervisory Board of VAB Bank appointed Yuriy Klimov as Deputy Chairman of the Management Board responsible for corporate business.

Desmond O'Maonaigh is appointed as VAB Bank CFO
The Supervisory Board of VAB Bank appointed Desmond O'Maonaigh as VAB Bank Deputy Chairman of the Management Board and Chief Financial Officer.

VAB Bank Became Principal Member of MasterCard International
MasterCard International upgraded VAB Bank’s status from an affiliated to a principal member.

VAB Bank issued 500 thou. credit card
VAB Bank crossed the border, by issuing 500 thousand bank’ credit card. The happy client of this excusive card is VAB Bank’s client Sergey Gerasimov, who became a holder of the anniversary elite MasterCard Gold card, and also a bar of gold.