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09.07.07 Mortgage portfolio of VAB Bank exceeds 400 million UAH
The volume of the mortgage portfolio of VAB Bank has grown by 24% compared to last year. Today it exceeds 400 million UAH.
According to the manager of the department for the development of retail business of VAB Bank, Anton Shaperenkov, today with VAB Bank credits apartments are being acquired, mainly secondary residencies. In VAB Bank almost 100% of the loans are for secondary residencies, the average sum for a credit is about 240 000 UAH.
«Costumer mortgage credit demands grows with the banks and for VAB Bank in particular, a „rejuvenation“ of the borrowers is notable. Today young people want to buy property, understanding that the purchased real estate can become by and by an effective investment instrument. Either by leasing out or long-term renting, it is possible to have a stable source of income, including the reimbursement of mortgages», — Anton Shaperenkov says.
VAB Bank offers for its clients an attractive complex service. «Together with a loan our clients gets the possibility to insure his life and real estate on the special reduced rates of VAB. In addition, there are no commissions for the granting of a credit by VAB Bank nor restrictions on choice of real estate agent through which a transaction is carried out. At the request of the client, all the family members can be registered on the acquired residency», explains the manager of the department for the development of retail business of VAB Bank, Anton Shaperenkov.
VAB Bank grants credits in Hryvnyas, US Dollars and Euro running upto 25 years with primary payment of 15% of the cost of the real estate. The fixed interest rates vary from 17% for Hryvnyas to 12% in US Dollars and Euro. Along with the general program of mortgage crediting VAB Bank offers credits for the repair of real estate and credits in the security of property.
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 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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