04.07.07
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.

For the first six months of the current year the portfolio has grown through its network of branches by 50.7%.

According to the head of the management of development of products of retail business of VAB Bank, Anton Shaperenkov, the growth of the index testifies that credit taking by physical persons continues to be in demand in the market. The pre-conditions of the growth of the portfolio of the bank were the introduction of a complex approach in customer service, providing services at a new high-quality level and the introduction of new types of crediting.

As reported before, VAB BANK developed the innovative technology of service «Financial guide». It allows the client of the «Financial centre of VAB» to get a universal client-manager, financial guide, professional consultation and help in the decision on financial questions. In addition, the increase of client base became possible due to the expansion of sales points. The network of which works on technology system of NST (No Staff Technology): registration of a credit is carried out without the presence of experts of credits, by the sales managers.

«This innovative decision of VAB Bank allows borrowers to substantially reduce the expenses on the maintenance of credits. In future we will continue actively to develop the number of consumer credits, as have for special purpose credits, for example, on acquisition of car or real estate, as on any needs of the consumers», — Anton Shaperenkov explains.

Reference data

Vseukrainsky 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 136 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 July 1st, 2007 VAB Bank's total assets amount to UAH5.4bn, regulatory capital — UAH563m, share capital — UAH201.4m.


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