Group news

VAB Bank COO Petr Sajvera leaves the company
Mr. Petr Sajvera, Chief Operations Officer, who joined VAB Bank in May 2007 to implement changes in the operations system of the bank, is leaving the bank on the completion of the project and expiration of his contract.

VAB Leasing opened new representative office in Lviv
VAB Leasing’s new office will provide the full range of leasing services in Lviv region for private and legal entities.

VAB Bank was the first in Ukraine to implement the Network Behavior Analysis (NBA) technology.
VAB Bank became the first company to implement the Network Behavior Analysis (NBA) advanced technology, using Lancope StealthWatch system. NBA technologies are new kind of security tools allowing to get an exhaustive reflection of all on-line and network security processes.

VAB Insurance increases benefit payments
During the first 3 months of 2008 VAB Insurance received 2.1 times more insurance premium and paid 3.3 times more insurance compensations than within the similar period in 2007.

VAB Leasing opened representative office in Dnepropetrovsk
The representative office provides all the range of leasing services in Dnepropetrovsk region for individuals and legal entities.

VAB Asset Management launches a new service
According to the VAB Asset Management President Tatiana Popova, the company launched a program which will help to manage assets for insurance companies. In the world practice insurance companies are usually the biggest investors. And this type of services is widely used there, except for Ukraine. It is a totally new service for the Ukrainian financial market, because only a few asset management companies , one of them is VAB Asset Management, provide asset management for insurance companies.

VAB RE became a strategic partner of the Third International Conference on underwriting and reinsurance "Kyiv Spring-2008"
Reinsurance Company VAB RE will participate in the Third International Conference on underwriting and reinsurance "Kyiv Spring-2008" as a strategic partner of the forum. "Kyiv Spring-2008” will be held on May 15-16th, 2008 in the President Hotel “Kyivskiy” (Kyiv).

VAB Bank repaid US$ 51,000,000 Syndicated Term Loan Facility
On 25 April 2008 VAB Bank repaid US$ 51,000,000 Syndicated Term Loan Facility lead arranged by UniCredit Markets & Investment Banking, Landesbank Berlin AG, Raiffeisen Zentralbank Osterreich AG.

VAB Bank created a Private Banking department
According to the VAB Bank, for the last two years, the number of clients, who would like to get the private banking services, had doubled.

VAB Bank was chosen the “Brand of the year - 2008”
VAB Bank’ brand was chosen in the nomination of “Excellent reputation” among other banks in the Ukrainian annual contest “Brand of the year - 2008”. This information was reported by the contest organizers.