News

VAB Bank Underwrites for Class A Ordinary Registered Bonds by Cherkassy City Council
VAB Bank undertook the role of an underwriter for Class A simple registered bonds for Cherkassy City Council who effected the thirteenth disbursement of interest income on these bonds on 31 March 2009. The payout amount was Hrivnia 3,123.29 per bond.

VAB Bank Terminates Rating Assignment with Fitch Ratings
VAB Bank, Kyiv, decided to terminate the credit assessment agreement between Fitch Ratings Ltd and VAB Bank. Fitch Ratings affirmed and simultaneously withdrew the ratings assigned to VAB Bank and its senior unsecured debt.

VAB Bank Sold Over US$ 1 Million at Privileged Exchange Rate to Borrowers
VAB Bank is actively involved in currency auctions ran by the National Bank of Ukraine, offering its borrowers opportunity to buy currency, required to retire their debts, at excellent exchange rate. As of 24/03/2009, over 1400 borrowers bought in excess of US$ 1 million from VAB Bank.

Lviv City Council Disbursed Interest Income on Class B Bonds for the 5th Coupon Period through VAB Bank as Paying Agent
On 25 March 2009, Lviv City Council effected the fifth payout of interest income on their Class B bonds through VAB Bank retained as the paying agent. The payout amount was Hrivnia 248.07 per bond.

OJSC DIS Energoavtomatika Disbursed Interest Income on Their Class B Bonds for the 5th Coupon Period through VAB Bank as Paying Agent
On 16 March 2009, OJSC DIS Energoavtomatika effected the fifth payout of interest income on their Class B bonds through VAB Bank retained as the paying agent. The payout amount was Hrivnia 57,34 per bond.

Cash Attracted under VAB Bank’s Unlimited Current Account Programme Doubled in the First Week of March
The clients have appreciated the benefits of the Unlimited Current Account since its introduction at all branches of VAB Bank.

VAB Bank Shareholders Vote Hrivnia 51 Million Capital Increase in Q1 2009
The regular shareholders’ meeting of VAB Bank on 28 February 2009 resolved to allocate profit of the past years towards dividends to be further reinvested into the Bank’s capital.

VAB Bank redeemed UAH 70 million G-series bonds
On 2 March 2009, VAB Bank redeemed UAH 70 million of the domestic G-series bonds after the bondholders had exercised their put option and paid coupon (13% p.a.) in the amount of UAH 2.25 million on the same date. The G-series bonds were redeemed in full before the maturity date of 28 February 2011.

OJSC Sumykhimprom Paid Interest Income for 5th Coupon Period on B Series Bonds
On 2 March 2009, OJSC Sumykhimprom through its paying agent OJSC VAB Bank disbursed interest income on B series bonds for the fifth time. The amount paid was hrivnia 59.84 per bond.

KARDAN REACTION TO BLOOMBERG ARTICLE
Amsterdam 27 February, Kardan N.V. ("Kardan") would like to clarify several points made in a Bloomberg article based on an interview with the Chairman of the Management Board.