News

Patients of Ukrainian Cancer Clinics Receive New Year Gifts from VAB Bank
Support for children suffering from cancer is a priority goal of VAB Bank’s charity strategy actively promoted by both leaders and employees of the Bank. Working hand in hand with charity organisations they offer assistance to patients of children’s cancer wards in hospitals across Ukraine. Purchase of four new infusion pumps for cancer units for children in Nikolaev, Odessa, Kharkov and Dnepropetrovsk on the New Year’s eve has been yet another corporate volunteer act by VAB personnel.

Ukraine’s Retirement Fund Extends Cooperation Agreement with VAB Bank
Credibility with government agencies is a major reliability and stability indicator of the Bank. In yet another demonstration of their trust the Ukrainian Retirement Fund and Ministry of Labour and Social Policy have extended their tripartite agreement with VAB Bank, authorising it to disburse retirement and other social allowances across 22 oblasts of Ukraine and in the Autonomous Republic of Crimea, until 1 January 2011.

VAB Bank pays coupon on 3-year Eurobonds
On 14 December 2009, VAB Bank paid the fifth coupon in the amount of USD 6.3 million on the 3-year Eurobonds due in June 2010. The coupon is paid semi-annually at the rate of 10.125% per annum.

VAB Bank Declared among Top Three Ukrainian Banks for Retail Banking Service Quality
VAB Bank was named one of the Ukraine’s three retail banks with the best quality of service by the results of a survey completed by the Ukrainian business magazine Expert who rated VAB Bank as number two.

VAB Bank November 2009 Performance Results
Become a Millionaire programme set off at VAB Bank this November, offering UAH 1,000,000 as a chief award. Any programme participant will receive a guaranteed prize: 0.1% to 15% of extra interest atop standard deposit rate until the nearest deposit renewal.

VAB Bank is #1 in S&P Ukrainian Bank Transparency and Disclosure Survey 2009
S&P recognized VAB the most transparent bank in 2009. The survey was conducted by Standard & Poor’s Corporate Governance Services jointly with the Financial Initiatives Agency among 30 largest Ukrainian banks.