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23November
2011

The Dutch company sold half of its shares of VAB Bank

The company TBIF Financial Services B.V. (The Netherlands) reduced participation in the authorized capital of VAB Bank (Kyiv) to 8% from 16%. According to the bank in a system of disclosure of the State Commission on Securities and Stock Market, the corresponding information was available to the bank November 14

VAB Bank is working in the financial market of Ukraine since 1992.

 By October 1, 2011, except TBIF Financial Services BV, the largest shareholder is Sergei Maximov – 6.2836%.

 As reported in October, businessman Oleg Bakhmatyuk said that it has signed an option agreement to purchase a majority stake in VAB Bank.

 According to the National Bank of Ukraine, on July 1, 2011 by total assets (UAH 7.737 billion) VAB Bank ranked 26th among 176 banks operating in the country.


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