Group news

VAB Bank Signed Nearly 7,000 New Deposit Agreements in July
In July 2009, VAB Bank executed nearly 7,000 deposit agreements, which is 20% more than in the same period of 2008 and three times more than in January 2009.

VAB Bank’s July 2009 Results
This July, VAB Bank developed and launched a number of new comprehensive banking products characterised by optimum correlation between price and quality.

Fixed Term Deposit Becomes Sales Leader among VAB Bank Deposit Products
At the end of July, Fixed Term Deposit accounted for over 75% of the overall VAB Bank’s deposit portfolio. This product offers diverse placement terms, as well as attractive interest rates.

VAB Bank to Identify Winner of the Tough Car with a Deposit Programme in August
The second half of August 2009 is to see the winner of the Tough Car with a Deposit special programme, whim the programme’s top award – Hummer offroader – will be presented.

Number of VAB Bank Payroll Projects Grew by 160 since Year Beginning
In the first 6 months of 2009, VAB Bank entered into more than 160 payroll card service contracts with Ukrainian companies.

VAB Bank Offers New Unlimited Business Banking Tariff Package
VAB has offered the new – Unlimited – business banking package effective 1 July 2009. The package is available to legal entities and individual entrepreneurs connected to Client-to-Bank payment processing system.

VAB Bank Achieves Nearly 100% Lockbox Occupancy
At the beginning of July 2009, VAB Bank’s deposit box occupancy reached nearly 100%, much exceeding the same indicator for 2008.

VAB Bank Launches Golden Card Promo Campaign to Mark 17th Anniversary
Golden Card promo campaign set off at VAB Bank to offer clients who subscribed for Active Savings cards between 29 June and 31 July 2009 a chance to get a MasterCard Gold for free.

VAB Bank Now Enjoys Commission Free Access to ATMosphere Chain’s 2.7 Thousand Cash Machines
Effective October 2008, VAB Bank became member of the ATMosphere Joint Cash Machines Network. This made VAB card holders able to cash their plastic at any ATM within the network at the same tariffs as at VAB Bank’s own ATMs, at no extra charge or commission.

Lviv Municipality Paid Coupon on the B Series Bonds for the 6th Coupon Period through VAB Bank as the Paying Agent
On 24 June 2009, Lviv municipality operating through VAB Bank as the paying agent paid coupon interest on the B series bonds for the sixth coupon period. The payment amounted to UAH 1 041 894 or UAH 248.07 per bond.