OREANDA-NEWS. March 12, 2009. The regular shareholders’ meeting of VAB Bank resolved to allocate profit of the past years towards dividends to be further reinvested into the Bank’s capital, reported the press-centre of VAB Bank.

The profit of UAH 54,285,967.41 was resolved to be distributed as follows: UAH 51,213,674.85 to be allocated towards dividends for further reinvestment into the capital in the first quarter of 2009 and UAH 3,072,292.56 to remain undistributed.  

Furthermore, it was planned that US20 M quarterly be additionally allocated towards capital increase so that the aggregate 2009 capitalisation plan exceeds US 67 million.

In commenting on this VAB Bank shareholders’ decision VAB president Sergei Maksimov mentioned that that Bank, through its shareholders including TBIF Financial Services BV (the Netherlands), plans to attract additional US 100 million throughout 2009, to secure high liquidity of the Bank.