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13.07.07 VAB Bank opens a new branch in Kiev
On Jule, 12 2007 VAB Bank opened the branch № 32 of First Kiev affiliate of VAB Bank at the address 4, Naberezno Lygova str.
This branch of First Kiev affiliate was created in accordance with the plan to develop the regional network of VAB Bank.
The branches are organized in accordance with new concept of sales «VAB Financial Center», which grants the clients the widest spectrum of financial instruments: bank, insurance, leasing, pensions and investments.
Today VAB has created 30 branches in Kiev and the Kiev region. For the first half-year of 2007 VAB Bank opened 19 new points of sales among which are 17 affiliates and 2 branches. On 01.07.07 the total number of branches in Ukraine was 135 and 25 affiliates. VAB Bank continues to perfect and develop the system of territorial subdivisions and plans to open representative offices in all regions of Ukraine by the end of the year.
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 137 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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