VAB Bank launched more than 500 salary projects over 2009, issuing nearly 22 thousand payroll cards.
VAB Bank’s card business department head Ms Natalia Stepanova commented, “In the past year, the most active in the payroll segment were public sector organisations, as well as small and medium enterprises. There were also agreements signed with industrial enterprises, educational and health care institutions. We always look to secure high quality of customer service by regularly developing extra services and making varied special offers.”
An employee who holds a payroll card issued by VAB Bank may not only receive cash free of commission at ATMs of both VAB Bank and the ATMosphere network but also use the card to pay for purchases and services at home and abroad and make up card account both physically and by wire transfer. Furthermore, clients are offered an opportunity to open more cards for persons they trust access to their accounts, as well as free access to electronic banking services and extra income from interest accrued on account balance.
In addition, clients of payroll projects are proposed free subscription to the Active Savings programme. This programme meets vanguard international standards and is one of the Bank’s progressive products combining best advantages of a payment card and a deposit. While offering 24-hour access to cash Active Savings is also an efficient income generating tool. It thus makes account balance work incessantly giving the card holder yet another advantage.
Reference data
Vseukrainsky Aksionerny Bank (VAB Bank) has been operating in the Ukrainian financial market since 1992 and belongs to the group large banks in Ukraine according to NBU. Branch network consists of 150 outlets throughout Ukraine and a representative office in Budapest (Hungary). TBIF Financial Services B.V., a large international company based in the Netherlands, is among the bank’s shareholders. Total assets of VAB Bank amounted to UAH 7.3 billion as of 1 January 2010, regulatory capital – UAH 1,195 million.
Other news
Print version
