Group news

Supervisory Board of VAB Bank appointed Mr Petr Rasocha as Chairman of the Management Board of VAB Bank
The Supervisory Board of VAB Bank has appointed Mr Petr Rasocha as Chairman of the Management Board of VAB Bank replacing Mr Andrey Snegirev who left the office of Chairman following the expiration of his two-year contract.

Head of VAB Bank leaves the bank on expiring of contract
In accordance with the out of court decision of Observant Advice of the Vseukrainsky Aksionerny Bank and on completion of his two-year contract on August, 20 2007.

3 times as many call VAB Bank Call-centre
In July the call-centre of VAB Bank answered more than 16 000 calls, which is 3 times more than for the same period last year.

New VAB Bank site very popular with users
The new corporate Internet site of VAB Bank has been visited by a growing number of visitors and their number has doubled in comparison to the previous months.

47 new VAB Bank terminals in «Kosmo»
From beginning of the third quarter of 2007 VAB Bank will extend their network of pay card terminals by more than 18%.

VAB Leasing develops utility functions for customers
VAB Leasing has extended the scope of voluntary services for the maintenance of leasingholder.

VAB Express accepts borrowers up to 70 years
VAB Express has begun to grant credits to clients, who at the time of the final repayment have not attained the age of 70 years.

VAB Group introduces single tender policy
By the decision of the Supervisory Board of the VAB Group the creation of a tender committee for the financial group VAB Group was decided.

VAB Bank investment portfolio grows in 2007 by 31%
Since the beginning of 2007 the investment portfolio of VAB Bank has grown by 31 %, or 1 billion UAH and on the 1st of August, 2007 totals 4.5 billion UAH.

Before the elections dollar rate will remain stable
According to the head of department of treasury and financial institutes of VAB Bank, Lucas Tursa, the exchange rate of dollar will not change substantially in the months before the elections.