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06.09.07 Demand on auto credits will grow until the end of year
In the opinion of the head of the development of products of retail business of VAB Bank, Anton Shaperenkov, demand for auto credits until the end of year will be strong.
«Already in the last few years demand for auto credit has been growing steadily. If last year about 50% of the cars were sold on credit, we expect this to grow this year to 60-65%. If one compares the first and second half of the year, the situation on sales has already had the same pattern during the last few years: growing demand in March-April and record sales in November-December. This year will be no exception» Anton Shaperenkov considers.
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 UAH 5.6 bn regulatory capital – UAH 546 m, UAH 201.4 m share capital. The result of the 20th emission of shares of VAB Bank, which have been ratified in the meeting of shareholders' of July, 27, 2007, determines the size of the regulatory capital as being UAH 670 million.
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