Group news

VAB Bank increases its credit portfolio with private clients by 13%
In July, 2007 VAB Bank gave out credits to private clients for more than 99 million UAH; an increases of 13%.

Until the end of 2007 credit rates on mortgages in UAH will not change dramatically
«Today the basic source of funding of Hryvnyas credits for banks is based on Hryvnyas deposits.

VAB Bank business on financing agreements grows by 20 %
Since the start of making factoring agreements in February 2007 VAB Bank has already more than 1 000 deliveries of commodities for a total amount of 32 millions UAH.

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.