On February 12, 2008 VAB Bank special general stockholder’s meeting took place. A lot of questions about VAB Bank capital increasing and authorized bank representatives’ definition on issue organization were considered.
VAB Bank shareholders make a decision of VAB Bank capital increasing on 50 million USD by means of simple nominal shares confidential placing that will be placed in 2 periods starting from March 21, 2008.
VAB Group CEO Peter Baron, while commenting a special general stockholder’s meeting decision, has noticed, that debt extra capital will be invested in the future bank development and will be good base for its planned development and effective market progression.
Reference dataVseukrainsky Aksionerny Bank (VAB Bank) has been operating in the Ukrainian financial market since 1992 and belongs to the group large banks in Ukraine according to NBU. In 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 6.7 billion as of 01 January 2008, total capital — UAH 675 million.
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