About 48% of VAB Bank’s credit port folio are mortgages given to private clients.
About 48% of VAB Bank’s credit port folio are mortgages given to private clients. This is an increase in the volume of mortgage portfolio to private clients by 24% in comparison to last year and now exceeds 400 million UAH.
According to the head of the department of retail business of VAB Bank, Anton Shaperenkov, today there is a growing demand on real estate not only as a property, but also as a means of capital saving. As a consequence the possibility of introducing new tools for mortgages is very favourable.
VAB Bank offers its clients an attractive complex service. «Together with a loan our clients gets the possibility to obtain from VAB an insurance for his life and real estate at the special rates, there are no commissions for the granting of a credit by VAB Bank, nor restrictions on the choice of real estate agent for the purchase of the property. At the request of clients, all the family members can be registered on the acquired residency», explains the manager of the department of retail business of VAB Bank, Anton Shaperenkov.
VAB Bank grants credits in Hryvnyas, US Dollars and Euro running up to 25 years with a down payment of 15% of the cost of the real estate. The fixed interest rates vary from 17% for Hryvnyas to 12% in US Dollars and Euro. Along with the general program of mortgage crediting VAB Bank offers credits for the repair of real estate and the security of their property.
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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