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25.06.07 From the beginning of year VAB Bank gave out more than 700 credits for the purchase of vehicles for a total amount of 50 million hryvnyas
From January to May, 2007 VAB Bank gave out more than 700 credits for the purchase of vehicles for a total amount of 50 million hryvnyas, increasing the portfolio of car-credits by 25 %.
More than 70% of all car-credits in the current year are given out for the purchase of new foreign cars.
According to the head of the management of development of products of retail business of VAB Bank, Anton Shaperenkov, the most demand for car-credits today are for cars, which cost between 50 and 100 thousand hryvnyas.
In VAB Bank it is possible to get a credit for the acquisition of both new and used cars.
Among car loan advantages of VAB Bank is the operative acceptance of the preliminary decision about the granting of a credit (within 30 minutes) and also the possibility to acquire the car without a down-payment.
In addition, as reported before, by the specialists of VAB Bank, VAB Leasing and VAB Insurance have developed a new financial product «a car in a minute». It provides the client the possibility to purchase a car on credit or take it on leasing and also sign an insurance for it immediately in the car saloon of VAB Bank partners?.
Reference dataVseukrainsky Aksionerny Bank (VAB Bank) operates in the Ukrainian financial market since 1992 and, according to the National Bank of Ukraine, ranks among the large banks group as to assets. The bank’s regional network comprises 25 branches and 135 outlets, as well as a representative office in Budapest (Hungary). TBIF Financial Services B. V. (Amsterdam, Netherlands), a large international company, is one of the bank’s shareholders. In October 2006 VAB Bank became a member of the VAB Group.
As of April 1st, 2007 VAB Bank’s total assets amount to UAH4.3bn, regulatory capital — UAH552.2m, share capital — UAH201.4m.
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