Founded in 1992, VAB Bank (formerly VABank) enters a group of ‘large’ banks according to the classification of the National Bank of Ukraine. VAB Bank is a full-service bank offering a broad range of financial services to its retail and corporate customers, including deposits, loans, money transfers, underwritings, settlements, trade finance, FX and corporate advisory services. Its main business lines include: corporate banking, retail banking, international banking and investment banking.
The Bank has a wide sales network throughout Ukraine covering all regions and major industrial centres.
VAB Bank is a principal member of MasterCard International and VISA International payment systems, cooperates with American Express Services Europe Limited payment system and is authorized by the Pension Fund of Ukraine to pay pensions and social benefits.
VAB Bank has established relations with 400 banks worldwide and opened over 100 accounts in various currencies in order to satisfy customers’ diversified needs in international operations.
VAB Bank has been audited under IFRS by the Big Four auditors for more than 10 years. Currently its financial statements are audited by Baker Tilly Ukraine.
The Bank has ratings assigned by the leading international rating agency Moody’s Investors Service since 2003.