Group news

Dnepropetrovsk research factory "Energoavtomatika" Ltd has established the rate for 5-8 coupon periods under Series B bonds at the annual rate 23 %
Dnepropetrovsk research factory "Energoavtomatika" Ltd informs about an interest rate establishment under Series B bonds for 5-8 coupon periods at the annual rate 23 %

The Chairman of Board VAB Bank Peter Baron has presented formation stages and development of a successful retail chain at 3-rd annual Ukrainian Bank Forum of Adam Smith Institute
In the speech at 3-rd annual Ukrainian Bank Forum of Adam Smith Institute The Chairman of Board VAB Bank Peter Baron has informed about formation stages and development of a successful retail chain VAB Bank which promoted its successful functioning even in today's uneasy conditions. «Thanks to the work done by us, the target audience has apprehended VAB as modern bank with high service level», - Mr. Peter Baron has told.

VAB Bank is a Leader in S&P Transparency Survey
For the third consecutive year VAB Bank ranks among the top most transparent banks in Ukraine according to the survey conducted by Standard & Poor’s Corporate Governance Services jointly with the Financial Initiatives Agency. According to 2008 results, VAB Bank ranks 3rd with the transparency score reaching 66.3% (falling only 0.2% short to the second place) and outperforming its fourth position in 2007. This year VAB Bank was placed first in the “Ownership Structure and Shareholder Rights” category with 71.8% disclosure.

The Deposit Portfolio of VAB Bank has increased to 1865 million hryvnia for last two weeks.
About 50 % of the deposits involved VAB Bank for last two weeks are opened within the limits of the new deposit action «See the World» which started on October, 20th, 2008. The Deposit Portfolio of urgent resources of the Bank has grown thus to 1865 million hryvnia.

More than 1,200 Leasing Contracts Closed by VAB Leasing
The number of leasing contracts closed by VAB Leasing crossed the mark of 1,200 as of 20 October 2008, with the aggregate leasing contract value reaching 500 million hrivnias.

VAB Bank joins the united ATM network “ATMosphere”
In October VAB Bank started work on joining the united ATM network “ATMmosphere”.

To see the world with VAB Bank Prestige
A new deposit action “To see the world” has started in VAB Bank since 20th October, 2008.

Interest Rates For VAB Bank’s Private Individual Deposits Go Up
VAB Bank increased interest rates for private individual hrivnia, dollar and euro deposits effective 15 October 2008.

VAB Bank Summarizes Results for the 3rd quarter 2008
During the third quarter of 2008, VAB Bank continued expanding all major business lines. Main emphasis was placed on retail business development.

Friendship Makes Rich Deposit Attraction Campaign Set Off At VAB Bank
Friendship Makes Rich, the new campaign aimed to attract cash from private individuals, started at VAB Bank on 15 October 2008. This new programme offers depositors up to 0.5% on top of interest rate for any opened deposit.