Group news

VAB Group started two new sites
VAB Group started two new sites: www.vabgroup.com.ua and www.vab.ua.

VAB Re obtains a new license
The government financial service of Ukraine gave to the Reinsurance Company VAB Re the permanent license to realize insurance of railway transport. As the Chairman of the company Alla Voloshina reported on the 13^th of July.

VAB Bank opens a new branch in Kiev
On Jule, 12 2007 VAB Bank opened the branch № 32 of First Kiev affiliate of VAB Bank at the address 4, Naberezno Lygova str.

Rates for currency and Hryvnyas deposits will change in the early autumn
According to the head of the department of retail business of VAB Bank, Anton Shaperenkov, in the next 1-2 months the rates will probably remain at today’s level, or even go down a little.

In 2007 the long-term deposits will become more popular
The share of long-term deposits among the attracted resources of individual persons to VAB Bank since the beginning of the year has grown by 19.5% and now stands at 78.9%.

The net assets of VAB Bank increased to more than 5 milliards of hryvnyas
The net assets of VAB Bank since the beginning of 2007 have grown by 22% or 965 million UAH and on the July 1^st 2007 amounted to 5,4 milliards UAH.

The employees of VAB Bank detained a swindler
On Monday on July, 2, the employees of the security department of the retail business of VAB Bank in co-operation with the criminal police of Shevchenko RU GU MVD of Ukraine arrested a swindler which tried to get a VAB Bank consumer credit in a points of sale using a counterfeit passport.

VAB Leasing is a financial partner on leasing of «Ukravtozapchast’»
VAB Leasing concluded an agreement on the collaboration with «Ukravtozapchast'» for the providing of services of financial leasing, both for corporative units and individual persons.

Credit-rates will change insignificantly in the near future
«The change of interest rates on credits and for security of real estate will have mainly a seasonal character.

Mortgage portfolio of VAB Bank exceeds 400 million UAH
The volume of the mortgage portfolio of VAB Bank has grown by 24% compared to last year. Today it exceeds 400 million UAH.