OREANDA-NEWS. December 16, 2008. In connection with attraction of the new investor the reinsurance company VAB Re walk out on VAB Group. The transaction of a sale on the reinsurance company VAB Re is finished, reported the press-centre of VAB Group. 

According to the VAB Bank Board Chairman Mr. Peter Baron, offers about the sale VAB Re were considered within a year, and the walk out of the reinsurance company VAB Re from structure VAB Group is strategically thought over decision. "We have defined for ourselves priorities of the further development and have decided to refuse from business which is especially specialised for today", - Mr. Peter Baron has commented.

Financial group VAB Group has been created in October, 2006 by the Ukrainian and western shareholders of the Vseukrainsky Aksionerny Bank by consolidation of all financial actives within Ukraine within the limits of the general concept of sales and under the uniform brand "VAB". Today the basic efforts of the group management are directed on introduction and optimisation of new work strategy, it will provide a possibility of granting to clients of a wide spectrum of services in all segments of the financial market.