Founded in 1992, VAB Bank (formerly VABank) enters a group of ‘large’ banks according to the classification of the National Bank of Ukraine. VAB Bank is a full-service bank offering a broad range of financial services to its retail and corporate customers, including deposits, loans, money transfers, underwritings, settlements, trade finance, FX and corporate advisory services. Its main business lines include: corporate banking, retail banking, international banking and investment banking. The Bank is a joint-stock company. Almost 50% of its shares belong to the Netherlands-based international investment company, which focuses on investments in emerging markets mostly within Central and Eastern Europe and China. The Bank has wide and permanently expanding network of branches and outlets throughout Ukraine which covers all regions and major industrial centres. VAB Bank is a principal member of MasterCard Europe and VISA Int. international payment systems, cooperates with American Express Services Europe Limited payment system and services the credit lines of EBRD, IBRD, FMO, DEG. VAB Bank has established relations with 400 banks worldwide and opened over 160 accounts in various currencies in order to satisfy customers’ diversified needs in international operations. VAB Bank has been audited under IFRS by the Big Four auditors for more than 10 years. Currently its financial statements are audited by Ernst & Young. The Bank has ratings assigned by the two leading international rating agencies, Moody’s and Fitch.