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15.08.07 Before the elections dollar rate will remain stable
According to the head of department of treasury and financial institutes of VAB Bank, Lucas Tursa, the exchange rate of dollar will not change substantially in the months before the elections.
According to the head of department of treasury and financial institutes of VAB Bank, Lucas Tursa, the exchange rate of dollar will not change substantially in the months before the elections. «The exchange rates for the Euro and Russian Rouble are in a direct relationship to the change rate for the US Dollar and changes of in the exchange market reflect the value of the Dollar. At present there are no substantial variations of the exchange rates, which exceed the set currency corridor of the National Bank of Ukraine. Therefore it is premature to talk about future variations of the exchange rates. All will depend on the policy of the NBU», - Lucas Tursa comments.
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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