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24.09.07 VAB Bank increases long-term US Dollar deposit «32»
As of Septembers, 24, 2007 VAB Bank increases the rate on long-term US Dollar deposit «32» for private clients.
Now the banks’ clients can place their available funds on a deposit «32» at 10-10.75% p.a. depending on the amount deposited and periodicity of the interest payment (at the end of term or monthly).
«Deposit «32» has been created for 2 years placements for active people, who aim to manage their economies. It is possible not only to obtain a high and stable profit, but also to use in comfort and in the clients time the facilities of lending up to 90% of the deposited funds. At the registration of a deposit «32» a card account is opened that gives an universal pay instrument — international card of VISA or Maestro Travel», explains proudly the head of retail business of VAB Bank Anton Shaperenkov.
The minimum sum of deposit is the equivalent to 1 000 US Dollars, or a minimum of a multitude 100 US Dollars. Interest payment and the return of deposits is carried out on the card account.
Among the advantages of deposit «32» are the permanent access to the personal funds based on the limit of lending on the card account, possibility to adjust the sum of lending and favourable terms on closing the account before maturity.
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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