OREANDA-NEWS. On January 09, 2009 At their extraordinary general meeting VAB Bank shareholders reviewed the Bank’s development strategy, deciding inter alia on the total of US 60 million VAB Bank capital increase during 2009, reported the press-centre of VAB Bank.

For the first quarter of this year, the shareholders approved the increase of VAB Bank’s registered capital by 51.2 million hrivnias.  This increase will be effected through private placement of common registered stock.

In commenting on this decision of the extraordinary general shareholder meeting VAB President Mr Sergei Maksimov pointed out that increase of the Bank’s capitalisation amid ongoing market hurdles is an evidence of absolute confidence of its shareholders and, more importantly, a warrant of reliable and stable operation being a token of trust of VAB clients and partners.