Group news

VAB Group is considered to be the biggest BlackBerry service user from MTS-Ukraine on financial sector in Ukraine
Financial VAB Group has become the largest BlackBerry service user from mobile communication operator MTS-Ukraine, 100% subsidiary company JSC “Mobile Tele Systems” (NYSE: MBT), in financial sector of Ukraine.

Zhanna Alekseeva was appointed VAB Bank retail sales president of the board assistant.
A VAB Bank supervisory council made a decision on Zhanna Alekseeva’s appointment on a place of VAB Bank Retail Sales Deputy Chairman.

VAB Bank clients became the winners of promotion action of paying system MasterCard “You, yourselve, decide how your home should look like!”
Four VAB Bank clients became winners of promotion action “You, yourselves, decide how your home should look like!”, which had been providing since October 1 till November 31, 2007, among those clients who got International MasterCard buying system credit cards.

According to the results of 2007 year VAB Pension has grown assets capacity under management on 250%.
During the last year VAB Pension has grown assets capacity under management on 250% and quantity of members of non-governmental pension funds, which it administrates.

The VAB Bank team took the second place in the international asset and liability management competition
The VAB Bank team took the second place in the international asset and liability management competition final, the final of which was held on January 2008 in the Hague, the Netherlands.

VAB Bank received NBU’s approval to include the subordinated loan facility in total capital of the bank
On 13 December 2007 Commission on Banking Regulation and Supervision of the National Bank of Ukraine gave its approval to include the subordinated loan facility in the amount of USD 20 mln in the total capital of VAB Bank.

Alexander Melnik will head VAB Insurance instead of Zenoviy Kholodnyuk
Shareholders of VAB Group decided to assign Alexander Melnik for position of Chairman of the VAB Insurance Board instead of Zenoviy Kholodnyuk, who left this position.

VAB Bank Ranks 4th in Information Transparency
By the results of the second Ukrainian Bank Transparency and Disclosure Survey conducted by Standard & Poor's and Financial Initiatives Agency VAB Bank has escalated by 1 notch in information transparency rating of 30 largest Ukrainian banks in 2007 and is on the fourth position at the moment (the Bank was ranked fifth by the results of survey in 2006).

VAB Bank started a new IT project, based on Microsoft products
MKS System Integration will be constructing a new IT infrastructure based on the products and technologies of Microsoft corporation for VAB Bank. The company became a winner of the tender to fulfill this job for VAB Bank.

VAB Bank successfully repaid E Series Bonds for the Total Amount of UAH 50 million
VAB Bank paid 8th coupon and repaid a 2year bonds of E series on the total amount of UAH 50 million. The payment was carried out in full amount and in time, according to the emission.