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10.07.07 Credit-rates will change insignificantly in the near future
«The change of interest rates on credits and for security of real estate will have mainly a seasonal character.
In the period July-September there will be an insignificant decline of about 0,5 to 1 %, but by the end of the year rates can rise by 1-2 %, depending on the deficit in the market of short term loans. Also the level of interest rate depends on the cost and volume of the external borrowing of banks. But with the upcoming elections in the autumn, there is no possibility to hope for significantly lower rates», according to the manager of the department for the development of products of retail business of VAB Bank, Anton Shaperenkov.
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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