The head of risk management of VAB Bank, Alexander Omel'chenko, believes that inflation in the current year can reach 10%.
Due to the rise in food prices resulting from the crop failures, increases in tariffs for public utilities and energy. Furthermore the price-increase on all commodities, depending on the structure of the prime price. and the pre-elections increases of pensions and pay-envelopes will have a negative effect.
«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 decisive factor for a change of rates. The profitability on credit operations in Hryvnyas depend to a great deal on the situation on the credit and currency markets. 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 risk management 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 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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