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13.08.07 Inflationary pressure is not the driving factor in the change of rates on credits and deposits
At present the effective rates on deposits (on which to a great extent depend the rates credits) in Hryvnyas are positive and are about one and a half times the rate of inflation.
«At present the effective rates on deposits (on which to a great extent depend the rates credits) in Hryvnyas are positive and are about one and a half times the rate of inflation. Therefore inflationary pressure is not a decicive factor for a changes of rates. The profitability on credit operations in Hryvnyas to a great deal depend on the situation of the money-credit and currency market. Without major destabilizing factors and a lack of surplus liquidity in the market, rates for borrowers can have the tendency to decline by 0,5%» the head of management the risks of VAB Bank, Alexander Omel'chenko, explains.
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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