Group news

VAB Asset Management and VAB Life sign an agreement on asset management
On August, 1, 2007 the companies VAB Life and VAB Asset Management concluded an agreement on the management of insurance assets.

In 2007 clients of VAB Bank used their cards more than 22 000 times
In the first half of 2007 the clients of VAB Bank used their credit cards more than 12 000 times to draw money in ATM outside of Ukraine and 22 000 times VAB Bank cards were used for payments.

Since January the volume of pension payments of VAB Pension grows by 90%
In the first 6 months of 2007 the volume of pension payments made by VAB Pension increased by 90%, or UAH 27 200 and have now reached UAH 30 700.

A credit card gives comfort and safety during a holiday abroad
In the opinion of the head of the department of retail business of VAB Bank, Anton Shaperenkov, the best combination in the management of ones money on a holiday trip abroad is a credit card and a limited amount in cash.

VAB Leasing enters into a reverse leasing agreement with ESG communication group
VAB Leasing made a unique reverse leasing agreement for the studio equipment of the communication group of ESG.

VAB Bank opened the new branch in Chernigov
On 27^th of July, 2007 was the inauguration of the Chernigov branch of VAB Bank, which is located at 80 Prospect Mira in Chernigov.

VAB Bank has already sold more than 30% of its investment coins in the primary market
This year for the first time VAB Bank began to offer silver investment to its clients and has already sold more than 30% of the first lot.

In the summer time demand on deposit boxes and credit cards increases by 20%
The summer holidays have led to an increase in the demand on VAB Bank credit cards and deposit boxes.

Holdings in Hryvnyas are a hard competition to foreign currency holdings
The result of the second quarter 2007 shows that VAB Bank has deposits in UAH of more than 572 million UAH, which is 45% of the total holdings of individuals.

First Kiev branch of VAB Bank attracts more than 683 millions UAH
On the July 1^st 2007 the first Kiev branch of VAB Bank had 683.7 million UAH on savings accounts, which is 1,3 more than the same index on the January 1^st 2007.