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21.08.07 47 new VAB Bank terminals in «Kosmo»
From beginning of the third quarter of 2007 VAB Bank will extend their network of pay card terminals by more than 18%.
Alone in July 47 new POS-terminals were installed in the «Kosmo» shops so that on the 1st of August VAB Bank had more than 315 POS-terminals, of which 75 are in «Kosmo» shops.
According to the Head of the department of card business of VAB Bank, Elena Sobolevoa-Tereschenko, the shops using the pay cards will allow them to increase their turnover. On the other hand the extended network of terminals will allow users to pay their purchases quicker and easier.
So the trade network increases the turnover in giving the clients an additional method to pay commodities/ services on credit with a pay card and eliminate the problems of falsified bank notes.
Today clients can find the VAB Bank POS-terminals in shops like «Kosmo», the restaurants of «Yakitoriya», «Coffee House», «Tokyo», the bookshops «Bykva» and many more.
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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