OREANDA-NEWS. December 21, 2010. VAB Bank has attracted over 130 new payroll projects during the three months of autumn, raising the total amount of new projects launched since the beginning of 2010 to more than 500, reported the press-centre of VAB Bank.

“Clients using our payroll projects receive a variety of extra benefits.  Employees of our client companies are offered privileged access to our lending programmes, including overdraft, as well as beneficial retirement programmes with attractive interest on card balance and, of course, high quality service being the core component of VAB brand philosophy,” Mr Tsvetan Petrinin, VAB Bank deputy chairman and head of retail business and distribution, commented.

According to Mr Petrinin, for a business executive, a payroll project registered with VAB Bank is a way to optimise salary accrual and disbursement process and thus to release substantial funds for further development.  Besides, a payroll project typically means better-than-average cash service tariffs for the company.  “And plus, we do not require our payroll project partner to open a current account with VAB Bank meaning not to restrict our client’s choice of a financial partner,” Mr Petrinin assured.

As of 01/12/2010, VAB Bank had issued nearly 40 thousand Visa and MasterCard payment cards for various customer segments within payroll projects since the year beginning.  All cards have been issued up to international standard and are freely accepted by retail and service operators in Ukraine as well as abroad.