OREANDA-NEWS. December 10, 2009. Become a Millionaire programme set off at VAB Bank this November, offering UAH 1,000,000 as a chief award. Any programme participant will receive a guaranteed prize: 0.1% to 15% of extra interest atop standard deposit rate until the nearest deposit renewal, reported the press-centre of VAB Bank.

Within three weeks since the programme launch the Bank managed to attract UAH 182.8 m, with over 6,320 new deposit agreements closed.  The programme is effective for Fixed Term and Cumulative deposit products known for their flexible terms and high interest rates.

Incidentally, effective this November income on the Fixed Term deposit may grow due to interest capitalisation, as well as through deposit making-up.  Thus income goes up owing to growth of the deposit amount without interest rate variation.

Weekly Deposit is proving to be increasingly popular.  In November alone Bank customers subscribed for nearly 2,500 such deposits attracting over UAH 56 m into the Bank.  Hence, the total number of deposits opened since the product was launched exceeded 6,230.  Note that the increased demand to the Weekly Deposit prompted introduction of a dedicated product web site, http://week.vab.ua/, for convenience of the customers.  At this page it is easy to find answers to any questions regarding the Weekly Deposit.

On 30 November, VAB Bank hosted press briefing Ukrainian Payment Card Market: Trends and Forecasts that ran at the Bank’s conference hall.  During the event experts of the Bank gave a rundown of the domestic plastic card market, outlined its principal trends and development prospects, and presented key card products of VAB Bank.

The most popular among VAB Bank’s clients are payroll cards and Active Savings cards.  Payroll schemes account for nearly 45% of the total Bank’s plastic card portfolio: nearly 2,500 payroll cards were issued in November alone.  Also, the Bank issued over 7,750 Active Savings cards increasing account balances by UAH 20 m to the total of UAH 180 m.

On the eve of the forthcoming New Year holidays VAB Bank multiplied its stock of investment coins.  The 144 g (net metal) silver coin Mini Cooper 50th Anniversary whose mintage is 500 pieces only became the undisputed hit of the latest delivery.  The most unusual specimens are Tiger and Michael Jackson, in silver and gold.  Furthermore, the Bank now offers such coins as Pushkin’s Fairy Tales, Elephant, series Chinese Mythology Symbols and Playing Cards.  The latest additions include two sets: Classic British Cars (a 4 silver coin set) and The Famous 12 (a set of 12 gilded silver coins).

In other developments, VAB Bank was named one of the three moist transparent banks of 2009 as the result of a survey completed by the Credit Rating agency.  According to the agency’s analysts, information transparency policy implemented by VAB Bank is one of the principal elements of its corporate governance system.

VAB Bank chairman Mr Peter Baron emphasised, “Information transparency and loyalty to customers are in the core of our Bank’s strategic policy.  We have succeeded in maintaining these qualities even amid finance and economy hardships which yet another time confirmed our reliability and firm stance in the financial market.  Today, on the eve of the coming new year, we are doing our best to meet it as one of the Ukraine’s strongest retail banks.”