Group news

VAB Bank’s Retail Customers Prefer Longer Deposit Maturities
As seen from VAB Bank’s retail business results, the number of deposits with maturities of 6 months and above saw a 20% increase during July, making 40% of the last month’s total attracted funds as of 01/08/2010.

VAB Bank’s Individual Deposit Portfolio Shows a Near 30% Growth in the First Half of 2010
During the first six months of 2010, VAB Bank’s portfolio of private individual deposits saw a 29.3% increase, against the 15.6% growth demonstrated in the second quarter. In general, individual liabilities portfolio of VAB Bank has been growing nearly 2 times ahead of the overall banking system’s portfolio during the first half of 2010.

VAB Bank’s Become A Millionaire Programme Names the Winner
VAB Bank has named a winner of its special Become A Millionaire programme. The playout identified Ms Anna Yuriychouk, Uman, Cherkassy oblast, as the recipient of the programme’s top award: UAH 1 million from VAB Bank.

VAB Bank’s May Deposit Portfolio Analysis: Inflow Continues as Interest Rates Drop
VAB Bank’s private individual liability portfolio reached almost UAH 2.4 billion as of 1 June 2010. In May alone it demonstrated a 3.2% growth, adding to a nearly 26% growth dynamics seen since the year beginning. At the same time, weighted average interest rate for deposits dropped by 3% to 4% since the beginning of 2010.

VAB Bank paid coupon and redeemed its F-series bonds
On 31 May 2010, VAB Bank paid coupon for the 12th interest period and fully redeemed its F-series bonds.

VAB Bank Shareholders Resolved to Increase Authorized Capital by UAH 385 m
The General Shareholders' Meeting of VAB Bank took place on 28 April 2010. The shareholders considered the development strategy of the financial institution and resolved to increase authorized capital of the Bank by UAH 385 million. Following the new issue of shares, authorized capital of the Bank shall total UAH 927,638,218.35.

VAB Named a Top Five Bank by Expert Rating’s 25 Best Retirement Scheme Proposals By Ukrainian Banks Survey
The 25 Best Retirement Scheme Proposals By Ukrainian Banks survey carried out by Expert Rating agency named VAB Bank among five national leaders in this area.

VAB Bank Renews Consumer Lending in Cash
VAB Bank has restarted its consumer loan programme offering individuals cash to cover their ongoing needs. This programme is targeted at individuals with solid credit history with VAB Bank.

VAB Bank Outran Market Private Individual Liability Growth Rate More than Threefold in Q1
By the results of the 1st quarter of 2010, the Bank demonstrated a 12.2% liability increment in the private individual segment – versus the 3.9% increment for the banking system as a whole. The overall individual deposit portfolio of the Bank reached UAH 2.14 bn as of 01/04/2010.

Private Individual Deposits Cross the UAH 2 Billion Line at VAB Bank
In February 2010, VAB Bank’s deposit portfolio for individuals saw a 6% versus 01/02/2010, to exceed UAH 2 billion in total.