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26.06.08 VAB Bank Closed Placement of its Shares
VAB Bank closed placement of its simple registered shares on 26 June 2008, which resulted in the increase of the bank’s capital by US$ 50 mln. The placement report was registered with the Ukrainian Securities and Stock Market State Commission.
The decision to issue shares was taken by VAB Bank’s shareholders on 12 February 2008. The issue was made in two stages through private placement of the shares from 21 March till 18 April 2008.
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 148 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 July 2008, total capital — UAH 908,6 million.
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