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17.01.08 The VAB Bank team took the second place in the international asset and liability management competition
The VAB Bank team took the second place in the international asset and liability management competition final, the final of which was held on January 2008 in the Hague, the Netherlands.
According to Mr Lukas Tursa, Head of Treasury and Financial Institutions, the place taken attests to the high professional level of the VAB Bank specialists. “The contest for the prize-winning places was intense inasmuch as the teams in the final were strong and each of them offered ideas worth of victory” – commented Lukas Tursa.
The competition was organized by “The Netherlands Development Finance Company” and Simarch, full-service education company. Representatives of 20 banks from different countries of Europe, South America and Asia took part in it.
“Such competition is a unique opportunity to enlarge your skills in the field of asset and liability management. Furthermore it offers excellent opportunities for the exchange of ideas and experience among the banking personnel internationally” – note organizers of the competition.
Reference dataVseukrainsky Aksionerny Bank (VAB Bank) has been operating in the Ukrainian financial market since 1992 and according to NBU data belongs to the group of large banks in Ukraine. Since October 2006, VAB Bank became a member of VAB Group. Branch network consists of 25 branches and 143 outlets throughout Ukraine and a representative office in Budapest (Hungary). A large international company, TBIF Financial Services (Amsterdam, the Netherlands), is among the bank’s shareholders.
Total assets of VAB Bank amounted to UAH 6.2 billion as of 1 of December 2007, total capital — UAH 623 million.
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