Group news

VAB Bank shareholders made a decision to increase capital on 50 million USD
On February 12, 2008 VAB Bank special general stockholder’s meeting took place. A lot of questions about VAB Bank capital increasing and authorized bank representatives’ definition on issue organization were considered.

VAB Bank realizes chip technologies.
In February 2008 VAB Bank provides Master Card Gold cards (cards of International paying system) with integrated microchip issuing.

VAB Leasing Experts declare: in 2008 leasing market will go on to develop fast
According to the VAB Leasing company data, leasing in Ukraine develops dynamic, increasing its portion in total on 70% a year, in other segments even more.

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.