Group news

VAB Leasing’s Economy Leasing Special Scheme Drives an Interim Balance
In March 2009, VAB Leasing company launched the new Economy Leasing scheme offering minimum cost burden on clients working under lease arrangements. In just one month the scheme has demonstrated impressive results: over 50% of all hardware received back on primary lease expiry has been successfully placed into Economy Leasing. The product is most popular among small and medium-sized enterprises: they are the ones to seek minimum expenditure in support of their business.

VAB Bank Increases Registered Capital by 15% in Q1
In the first quarter of 2009, VAB Bank increased its registered capital by 15%, or UAH 51,213,674. 85, through reinvestment of dividends accrued out of retained earnings of past years. This fact is evidenced by the State Securities and Stock Market Commission’s shares issue certificate dated 31 March 2009.

VAB Bank Underwrites for Class A Ordinary Registered Bonds by Cherkassy City Council
VAB Bank undertook the role of an underwriter for Class A simple registered bonds for Cherkassy City Council who effected the thirteenth disbursement of interest income on these bonds on 31 March 2009. The payout amount was Hrivnia 3,123.29 per bond.

VAB Bank Sold Over US$ 1 Million at Privileged Exchange Rate to Borrowers
VAB Bank is actively involved in currency auctions ran by the National Bank of Ukraine, offering its borrowers opportunity to buy currency, required to retire their debts, at excellent exchange rate. As of 24/03/2009, over 1400 borrowers bought in excess of US$ 1 million from VAB Bank.

VAB Bank Sold Over US$ 1 Million at Privileged Exchange Rate to Borrowers
VAB Bank is actively involved in currency auctions ran by the National Bank of Ukraine, offering its borrowers opportunity to buy currency, required to retire their debts, at excellent exchange rate. As of 24/03/2009, over 1400 borrowers bought in excess of US$ 1 million from VAB Bank.

Lviv City Council Disbursed Interest Income on Class B Bonds for the 5th Coupon Period through VAB Bank as Paying Agent
On 25 March 2009, Lviv City Council effected the fifth payout of interest income on their Class B bonds through VAB Bank retained as the paying agent. The payout amount was Hrivnia 248.07 per bond.

OJSC DIS Energoavtomatika Disbursed Interest Income on Their Class B Bonds for the 5th Coupon Period through VAB Bank as Paying Agent
On 16 March 2009, OJSC DIS Energoavtomatika effected the fifth payout of interest income on their Class B bonds through VAB Bank retained as the paying agent. The payout amount was Hrivnia 57,34 per bond.

Cash Attracted under VAB Bank’s Unlimited Current Account Programme Doubled in the First Week of March
The clients have appreciated the benefits of the Unlimited Current Account since its introduction at all branches of VAB Bank.

VAB Bank Terminates Rating Assignment with Fitch Ratings
VAB Bank, Kyiv, decided to terminate the credit assessment agreement between Fitch Ratings Ltd and VAB Bank. Fitch Ratings affirmed and simultaneously withdrew the ratings assigned to VAB Bank and its senior unsecured debt.

VAB Bank Shareholders Vote Hrivnia 51 Million Capital Increase in Q1 2009
The regular shareholders’ meeting of VAB Bank on 28 February 2009 resolved to allocate profit of the past years towards dividends to be further reinvested into the Bank’s capital.