News

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.

«The First Ukrainian private pension fund» completes reorganization
«The First Ukrainian private pensions fund» completed its reorganization in accordance with the requirements of Laws of Ukraine on providing private pension.

VAB Pension and VAB Bank start a new tariff policy for social payments
VAB Pension came to an agreement with VAB by Bank to reduce the tariffs on the calculation of cash maintenance for clients, when placing money in the PPF «Europe» program.

Since January the volume of pension payments of VAB Pension grows by 90%
In the first 6 months of 2007 the volume of pension payments made by VAB Pension increased by 90%, or UAH 27 200 and have now reached UAH 30 700.

VAB Pension multiplies the chartered capital
Chartered capital of the company VAB Pension increased by 20 million UAH.

New director with VAB Pension
On June, 8, 2007 Sergey Ermakovich was nominated as Director General of VAB Pension.

VAB Pension strengthens its position in non-governmental pension market
VAB Pension Company reached the new level: the number of its non-governmental pension funds customers exceeded 80 000 people that make about 30% of the whole non-state pension market by customers.

VAB Pension Company is the leader on Ukrainian market of non-state pension support
VAB Pension Company, which is the administrator of pen NPF “Europe” became the leader on the market of non-state pension support by the number of individual pension accounts served by the Company.