Since the start of making factoring agreements in February 2007 VAB Bank has already more than 1 000 deliveries of commodities for a total amount of 32 millions UAH.
The deliveries were made on signing of he agreements on the basis of deferred payments. The total amount of non-bail refinancing agreements by factoring amounted to 22,3 million UAH.
This means, according to the head of structural o VAB Bank,Irina Tanaschuk, a monthly growth in the volume of financing by factoring agreements of more than 20%.
Today VAB Bank provides clients factoring services in their Kiev, Kharkov, Chernigov and Zaporozhe branches. By the end of the year all operating branches will offer them. VAB Bank plans to increase the volume of financing by factoring to 50 million UAH a month. «Soon clients will be able to get high-quality and complete factoring service in all points sales of VAB Bank. There already today clients can apply to the «Financial centre of VAB», and after giving a minimum of information get the advantageous conditions of the factoring service», — Irina Tanaschuk points out.
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 UAH5.6bn, regulatory capital — UAH546m, share capital — UAH201.4m.
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