Group news

VAB Bank Closed Placement of its Shares
VAB Bank closed placement of its simple registered shares on 26 June 2008, which resulted in the increase of the bank’s capital by US$ 50 mln. The placement report was registered with the Ukrainian Securities and Stock Market State Commission.

VAB Leasing concluded more than 1000 leasing contracts
As of June 25, 2008, the number of leasing contracts, signed by VAB Leasing is more than 1000.

Moody's Investors Service affirmed VAB Bank’s ratings.
The leading international rating agency Moody's Investors Service affirmed VAB Bank’s E+ financial strength rating (BFSR), Not Prime short-term local and foreign currency deposit ratings, and long-term national scale rating (NSR) of A1.ua.

VAB Bank pays coupon on 3-year Eurobonds
VAB Bank paid the second coupon in the amount of USD 6 328 125 on the 3-year Eurobonds due in June 2010. The coupon is paid semi-annually at the rate of 10.125% per annum.

Sumykhimprom paid coupon for the 4th coupon period
On June 9, 2008, Sumykhimprom operating through VAB Bank as the paying agent paid off coupon interest on the A series bonds for the fourth coupon period. The total payment amounted to UAH 1 994 500 or UAH 39.84 per bond. Additionally, Sumykhimprom increased the coupon on the A series bonds from 15% to 19%.

National Bank of Ukraine approved the appointment of Petr Baron as Chairman of the Management Board of VAB Bank
Mr Petr Baron was appointed as Chairman of the Management Board of VAB Bank since 5 June 2008. The respective approval has been made by the National Bank of Ukraine on 29 May 2008. Mr Petr Baron is replacing Mr Petr Rasocha who left the position of Chairman of the Management Board due to family reasons.

VAB Bank paid coupon on the F Series bonds for the fourth coupon period
On June 2nd 2008 VAB Bank paid off coupon interest on the F series bonds for the fourth coupon period. The payment amounted UAH 5,235 million or UAH 34.90 per bond.

VAB Bank paid off coupon on the G Series bonds for the 1% coupon period
On June 2nd 2008 VAB Bank paid off coupon interest on the G series bonds for the 1% coupon period. The payment amounted UAH 2,249 million or UAH 32.41 per bond.

Cool car in addition to the VAB Bank deposit
On June 2nd, 2008 VAB Bank is starting big All-Ukrainian promo campaign “Cool car in addition to the deposit”.

Kostyantyn Poloskov leaves VAB Bank
Mr. Kostyantyn Poloskov, Deputy Chairman of the VAB Bank’s Management Board, who has been with the company since 2006 and was responsible for corporate business, decided to leave the company.