OREANDA-NEWS. May 31, 2011. VAB Bank saw a 12% growth of its credit portfolio in corporate business segment compared to the year beginning. During that time the Bank has issued loans for the total of UAH 880 m, both to large businesses and to small and medium-sized enterprises, reported the press-centre of VAB Bank.

“As customer confidence gets back the banking system accumulate surplus liquidity, which pushes market participants towards more intensive build-up of credit product lines.  VAB Bank actively plays in the lending market – first of all through balancing maturities of the borrowings in line with the Bank’s development strategy and due to correctly structured deposit products.  In addition, we create and roll out comprehensive solutions and partnership programmes whereby customers are offered more attractive service terms at our Bank, and practise individual approach tuned to actual business requirements,” Mr. Aleskei Salivon, deputy chairman and corporate business director of VAB Bank, comments.

According to Mr. Salivon, largest loans have been provided to companies involved in food and garment trade (FMCG segment), agriculture, as well as car and special hardware sales and maintenance.  The most frequent lending scheme is the funding of ongoing operations for the term of 1 year to 18 months.

Reference data
VAB Leasing was registered in November 2005. Since October 2006 it is a company in the universal finance VAB Group. VAB Leasing provides services of financial leasing of transport (passenger cars and commercial vehicles), equipment and commercial real estate to corporate and individuals. The chartered fund of VAB Leasing is UAH 35.3 million.