On 10 October 1991, Electron Bank Open Joint-Stock Company was established in Lviv city.
In 2001, the Bank was reorganized into Open Joint Stock Company "Electron Bank".
In 2005, the branch in Kyiv city was opened, which transformed the Bank from a regional-based into a nationwide one.
2007 - Volksbank Іnternational AG (Austria) (VBI) became the owner of over 98% of the shares of Electron Bank OJSC.
On 2 September 2008, Electron Bank OJSC officially changed its corporate name into VOLKSBANK OJSC.
Throughout 2008, the VOLKSBANK network continued expanding actively, the number of outlets reaching 75. The funds of the powerful foreign investor opened new prospects and opportunities for the Bank’s further development.
On 9 September 2011, Sberbank of Russia informed about the acquisition of 100% interest in Volksbank International. Volksbank International AG (VBI), with headquarters in Vienna, Austria, which was the majority shareholder of Volksbank Ukraine, reseived a new owner.
On 7 October, Volksbank celebrated its 20th anniversary since the day of its incorporation.
On 15 February 2012, Sberbank of Russia closed on the deal to buy 100% of shares of Volksbank International AG (VBI).
On 16 December 2013, The Bank changed its name to PJSC "VS Bank".
The corporate name change was primarily due to the expiration on 15 February 2014 of the license agreement for the Bank’s use of the VOLKSBANK trademark owned by the company Österreichischer Genossenschaftsverband (ÖeGV), Austria, for its goods and services.
With the footprint in 11 Ukrainian regions, VS Bank remains a heavy regional player in the territory of Lviv Region and West Ukraine. The strong presence of the Bank in the “home” marketplace of Lviv Region and in the West Ukraine were recognized last year also by independent experts.
In the sector of finance, banking and underwriting, PJSC “VS Bank” was distinguished as a well-deserved winner in the regional tour of the nationwide rating “Good-Faith Tax Payers” based on the 2013 results.
The key performance indicators of the VS Bank as at May 1, 2014:
VS Bank yet again sets clear-cut goals and is resolved to accomplish them. We are going to take every effort for each Client having come to the Bank to discover a reliable partner in finding financial solutions.
We firmly believe that each new step of our achievements leads to mutual success!