News

Fitch Ratings Revises Rating for Ukrainian Banks amid Local Economy Hurdles
Fitch Ratings agency has decreased long-term Issuer Default Ratings (IDR) for a number of Ukrainian banks including VAB Bank. This step has reflected general trends in the Ukrainian economy. This notwithstanding, VAB Bank has been able to sustain high solvency and has deteriorated none of materials financial indicators.

Fitch Ratings Revised Rating Forecast for 11 Ukrainian Banks
Fitch Ratings international ratings agency has downgraded from “stable” to “negative” rating forecast for 11 Ukrainian banks, including VAB Bank.

VAB Insurance calculated results for the first-half year of 2008
According to the data at the end of the first half-year of 2008 operations, the insurance payments of VAB Insurance amounted to UAH 31844,3 thou., insurance payments were UAH 14027,2 thou., which is in 1,36 and 3,03 times more as compared to the same period in 2007.

VAB Insurance increases benefit payments
During the first 3 months of 2008 VAB Insurance received 2.1 times more insurance premium and paid 3.3 times more insurance compensations than within the similar period in 2007.

Recognition of VAB Brand reaches 47%
According to the research made by the Innovative Research Solution marketing agency VAB Brand is well known to the half of the respondents, who characterized it to be a “modern, dynamic and European” brand.

VAB Bank summarized preliminary results of 2007
VAB Bank summarized preliminary results of 2007 based on the unaudited financial statements under Ukrainian Accounting Standards (UAS). Audited financial statements for the year ended 31 December 2007 under IFRS and UAS are expected by the end of March and April 2008 respectively.

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 Auto» is financed by VAB Leasing, VAB Bank and VAB Insurance
For the last 7 months, since the start of the project «VAB Auto», the financed amount for the acquisition of passenger cars exceeded 5 million UAH Both private clients and small, middle and large enterprises took advantage of this product.

VAB Insurance competes for the «Cup of Commercial Institutions»
Kyiv holds mini-football matches within the frameworks of the «Cup of Commercial Institutions», which were organized by the Association of business development.

Insurance market perspectives in the context of Ukraine's entering the WTO
On March 23, 2007 «Arguments and facts Ukraine» weekly newspaper has hold round table on the topic of «Insurance market perspectives in the context of Ukraine's entering the WTO».