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17.09.07 Liberalization of the currency restrictions and money policy will accelerate after the entry of Ukraine to the WTO
«After the entry of Ukraine into the WTO the liberalization of currency restrictions and money policy can be expected.
Probably, we can expect the same development of events as in Poland, Czech Republic and other countries of South-East Europe: the entry of foreign capital in to the bank sector will gradually grow and the users of bank services will benefit. With time the rates will decrease on the credit-side for borrowers, which will result in an improvement of the quality of service for customers. The influx of foreign currency in to the country will be instrumental for the stability of the national currency». The head of management the risks of 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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