News

VAB Bank received NBU’s approval to include the subordinated loan facility in total capital of the bank
On 13 December 2007 Commission on Banking Regulation and Supervision of the National Bank of Ukraine gave its approval to include the subordinated loan facility in the amount of USD 20 mln in the total capital of VAB Bank.

Alexander Melnik will head VAB Insurance instead of Zenoviy Kholodnyuk
Shareholders of VAB Group decided to assign Alexander Melnik for position of Chairman of the VAB Insurance Board instead of Zenoviy Kholodnyuk, who left this position.

VAB Bank Ranks 4th in Information Transparency
By the results of the second Ukrainian Bank Transparency and Disclosure Survey conducted by Standard & Poor's and Financial Initiatives Agency VAB Bank has escalated by 1 notch in information transparency rating of 30 largest Ukrainian banks in 2007 and is on the fourth position at the moment (the Bank was ranked fifth by the results of survey in 2006).

VAB Bank started a new IT project, based on Microsoft products
MKS System Integration will be constructing a new IT infrastructure based on the products and technologies of Microsoft corporation for VAB Bank. The company became a winner of the tender to fulfill this job for VAB Bank.

VAB Bank successfully repaid E Series Bonds for the Total Amount of UAH 50 million
VAB Bank paid 8th coupon and repaid a 2year bonds of E series on the total amount of UAH 50 million. The payment was carried out in full amount and in time, according to the emission.