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05.06.08 National Bank of Ukraine approved the appointment of Petr Baron as Chairman of the Management Board of VAB Bank
Mr Petr Baron was appointed as Chairman of the Management Board of VAB Bank since 5 June 2008. The respective approval has been made by the National Bank of Ukraine on 29 May 2008. Mr Petr Baron is replacing Mr Petr Rasocha who left the position of Chairman of the Management Board due to family reasons.
Mr. Baron joined VAB in 2003 as a member of the Supervisory Board of the Bank. Later he took the position of the First Vice-President of VAB Bank and in 2007 was appointed as CEO of VAB Group. He has 10 years of banking experience working in Russia and Macedonia and Ukraine. He has a degree in Investment and Financial Risk Management from CITY University Business School.
“On behalf of all the shareholders I express confidence that Petr Baron will be able to accomplish all the strategic tasks set before the Bank and the Group ”, — said President of VAB Bank Mr Sergey Maksimov.
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, a full-service financial 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 February 2008, total capital — UAH 675 million.
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