OREANDA-NEWS. September 11, 2009. During August 2009, VAB Bank continued its efforts towards expansion of service range and implementation of rewarding product solutions being integral part of its client oriented policy, reported the press-centre of VAB Bank.

On 10 August 2009, the Bank launched the Extra Income programme for its retail clients.  The programme offers additional interest to anyone depositing cash for 1 to 24 months between 10 August and 10 September.  Maximum interest for a hrivnia deposit is 26% p. a.  In just three weeks the programme attracted over hrivnia 300 m into VAB Bank manifesting its excessive popularity among customers. 

In August, the Bank entered into 30 new salary projects with prominent Ukrainian companies.  Note that VAB Bank’s salary accounts offer numerous advantages including an opportunity to get a free Active Savings card offering high interest on current account balance.  As of 31 August, total amount attracted within Active Savings programme exceeded hrivnia 122 m.

VAB Bank continued to actively expand its acquiring network that provides customers maximum comfort in using their plastic.  In the past month, the Bank entered into 10 new agreements with retail businesses and service providers in four regions of Ukraine: Donetsk, Zaporizhzhya, Odessa, and Kiev.

Seeking to boost functionality of its ATMs the Bank signed an agreement with the Ukrainian Processing Centre to significantly expand spectrum of services offered by the cash machines.  From now on, customers, in addition to using the full range of conventional services, may use ATMs to buy IP telephony, Internet and CDMA vouchers.

The enlargement of gold and silver investment coin collection offered by the Bank was another August development.  The most appealing specimens include the four silver coin set Spanish Painters. Salvador Dali, part of the collection by the Spanish Royal Mint dedicated to the great artist.

Petr Baron, VAB Bank Chairman, said, “During this August VAB Bank continued implementing its retail customer oriented business strategy.  We delivered efficient product solutions and improved existing customer services.  Successful integration of these elements fostered significant expansion of the client base and growth in term deposits made by individuals during the month.  This signifies high level of customer trust, which we consider the principal measure of our performance.”