Group news

The Supervisory Board of VAB Bank has agreed to accept resignation of Mr. Petr Rasocha from the position of the Chairman of the Management Board
The Supervisory Board of VAB Bank has agreed to accept resignation of Mr. Petr Rasocha from the position of the Chairman of the Management Board of VAB Bank due to family reasons. However, Mr. Rasocha will continue to act as the advisor to VAB on retail business development.

Lukas Tursa is appointed as VAB Bank Deputy Chairman
VAB Bank Supervisory Board decided to appoint Lukas Tursa as the Deputy Chairman of the Management Board. In his new position Mr.Tursa will be in charge of treasury operations, international borrowings, and VAB Bank investment business.

“Fast Leasing” from VAB Leasing: USD 2 million in 3 months
Following the results of the Q1 of 2008, the value of contracts under the Fast Leasing program launched by VAB Leasing at the end of the last year exceeded USD 2 million, which is the highest amount among the available VAB Leasing programs.

VAB Bank has joined the campaign ”Visa Olympic movement. Your road to Peking”
VAB Bank has supported Ukrainian marketing campaign “Visa Olympic movement. Your road to Peking”, which will start on April 1st 2008, within the framework of Visa International Olympic sponsorship in association with Ukrainian banks.

VAB Life summarized results for 2007
The insurance company VAB Life calculated total results for the previous year. As of December 31st 2007, the main numbers of company’s activity are

VAB Leasing launched a program of 24h service support
Since May 31st 2008 VAB Leasing launched a program of 24h support for trucks within the whole territory of Ukraine.

VAB Leasing launched a program of twenty-four-hour service support
Since May 31st 2008 VAB Leasing launched a program of 24h support for trucks within the whole territory of Ukraine. According to the program conditions a client buying a truck in leasing, gets a qualified service support on his way: tire change, fuel recharge, engine start, all contact-center services, etc.

VAB Bank increased deposits rates
On May, 11th, 2008 VAB Bank increased deposits rates for private customers in UAH, USD and Euro in almost all deposit programs.

VAB Bank increased deposits rates
On May, 11th, 2008 VAB Bank increased deposits rates for private customers in UAH, USD and Euro in almost all deposit programs.

VAB Group presented the matrix of benefits
At the first International Personnel Management Exhibition «Personnel EXPO - 2008» VAB Group presented the effective instrument of employee compensation package – the matrix of benefits.