News

VAB Bank Pays Out Interest Income on Its F Series Bonds
On 30 November 2009, VAB Bank disbursed interest income for the tenth coupon period. The amount disbursed per bond was UAH 44.88.

Credit Rating Agency Names VAB Bank among Three Most Transparent Banks for 2009
The survey completed by Credit Rating agency named VAB Bank one of the three most transparent banks in 2009.

VAB Bank Summarized Results for the 3Q2009 Under IFRS
Over the third quarter 2009, assets of VAB Bank reduced by 2.5% (12.5% for 9 months 2009) to USD 812.3 million. The Bank continued accumulating its impairment provisions (USD 48.5 million for 9 months 2009, USD 39.1 million of which are attributable to the impairment of interest earning assets), which put pressure on its profitability and resulted in USD 37.5 million net loss for 9 months 2009.

VAB Golden Ingot Sales Show 24.2% Growth
The growing investment attractiveness of gold has been observed throughout this year.

Haim Kapelnikov Appointed VAB Bank Deputy Chairman for Corporate Business
VAB Bank Supervisory Board decided to appoint Mr Haim Kapelnikov deputy chairman for corporate business and VAB Bank’s corporate business director.

VAB Bank Offices Move to More Convenient Schedule
This November, VAB Bank changed operating hours of some of its offices making them more convenient for clients and extended working time of cash desks.

Become A Millionaire: New Special Programme for VAB Bank Depositors
The Become A Millionaire programme, whose chief prize is Hrivnia 1,000,000, will run at VAB Bank between 16 November 2009 and 15 February 2010.

New Dedicated Web Site for VAB Bank’s Weekly Deposit Subscribers: a Convenient Information Source
The new web page of the VAB Bank’s Weekly Deposit product was launched on 12 November 2009 at http://week.vab.ua/.

Changes in Active Savings Card Accounts Service
Changes in the rules of large sum withdrawal from Active Savings card accounts are launched effective 01/12/2009.

VAB Bank’s Individual Negative Account Balance Gain Reached 5% in October
Within several months in a row VAB Bank has been demonstrating stable growth of its liability base.