In October VAB Bank started work on joining the united ATM network “ATMmosphere”.
The contracts with The Ukrainian Processing Centre concerning participation in this program and the contract with Raiffaisen Bank Aval about conducting of payments through ATM network.
The united ATM network “ATMosphere” combines 17 banks participants and the general ATM number in network is 1717. The service tariffs in the ATM network “ATMosphere” correspond the client servicing tariffs within VAB Bank network- the client cards by salary projects are not charged and the other individuals cards are charged with a standard tariff of 0,9% ( min 1,00 UAH).
At the present moment technical work on this service activation is held. The clients will have a possibility to use this service yet till the end of 2008.
According to Natalia Stepanova, the Director of The Card Business Development Division, “joining to the ATM network “ATMosphere” will provide more than thousand of ATM with VAB Bank tariffs for our clients. Besides, joining to the “ATMosphere” will allow us to attract new clients to the salary projects, because the more developed is the ATM network of the financial structure, the more attractive it is for the potential clients- the salary “ receivers”. ”
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 July 2008.
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