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Varengold in portrait

Short & informative

Varengold Bank, founded in Hamburg in 1995 and with an additional location in Sofia, is a German credit institution. In the area of Marketplace Banking, it supports online platforms for corporate and consumer financing, in particular by financing fintechs and providing products requiring a banking licence. In Commercial Banking, the bank is active in the area of corporate finance, among others, and focuses particularly on ESG Financing.

Varengold Bank AG is registered with the German Federal Financial Supervisory Authority under no. 109 520 and is also connected to the Compensatory Fund of German Banks (EdB). The Varengold stock (ISIN: DE0005479307) is listed on the open market of the Frankfurt Stock Exchange.

Company Data

Year/Place of foundation

1995 in Hamburg

Registered office

Hamburg

Industry

Financial services

Varengold Bank AG

Securities identification number (WKN)

547930

ISIN

DE0005479307

Stock market abbreviation / Reuters symbol

VG8 / VG8G.DE

Type of shares (class)

No-par-value bearer shares

Initial public offering

March 20, 2007

Market segment

Open Market

Transparency level

Basic Board

Number of shares

10.043.015 shares

Amount of the share capital

10.043.015 EUR

Fiscal year end

December 31

Accounting methods

HGB [German Commercial Code]

LEI of the company

529900BIK4WRWS06MR52

Management Board

Matthias Wargers
Hendrik Harms

Supervisory Board

Dirk Auerbach (Chairman)
Vasil Stefanov
Tobias Weitzel

Designated Sponsor

Oddo Seydler Bank AG

Paying Agent

Bankhaus Gebr. Martin AG

Specialist

Baader Bank AG

Statutes of Varengold Bank AG

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Stock

Institutional investors and business partners

80 %

Freefloat

20 %

Rating Agency

Bulgarian Credit Rating Agency (BCRA)

Date

May 2025

Long-term Rating

BBB-

Key figures per share

31/12/2023
in EUR

31/12/2022
in EUR

Earnings per share

1.45

0.90

Market capitalization

30,932,486

57,245,186

Income statement

01/01 until 31/12/2023
in TEUR

01/01 until 31/12/2022
in TEUR

Interest income

42,887

13,598

Current income from shares and other variable income securities as well as from shares in affiliated companies

422

302

Commission income

20,095

65,303

Other operating income

2,628

-4,872

Administrative expenses

-37,984

-35,704

Depreciation and value adjustments

-140

-8,184

Transfer to the fund for general banking risks

-5,400

-5,000

Income from normal business operations

22,506

25,443

Income for the year

14,523

9,057

Balance sheet

31/12/2023
in TEUR

31/12/2022
in TEUR

Total asstets

1,353,852

1,421,365

Net asstes

79,411

64,888

Capital development

		Change in capital			Entry of the implementation of the capital measure or the amendment to the Articles of Association in the commercial register
Date (AGM resolution)	Corporate action	Capital increase amount (nominal value)	Capital after capital measure	Number of shares after capital measure
Decision of 20 January 2015	Cash capital increase	EUR 176,963.00	EUR 1,948,368.00	1.948.368	20 April 2015
Decision from 26 August 2015	Cash capital increase	EUR 974,184.00	EUR 2,922,552.00	2.922.552	23 February 2016
Decision from 24 August 2016	Cash capital increase	EUR 1,217,730.00	EUR 4,140,282.00	4.140.282	7 July 2017
Decision from 23 August 2017	Cash capital increase	EUR 2,070,141.00	EUR 6,210,423.00	6.210.423	16 February 2018
Decision from 21 August 2018	Cash capital increase	EUR 3,105,211.00	EUR 9,315,634.00	9.315.634	29 January 2019
Resolution of 21 August 2018 and 28 August 2019	Cash capital increase	EUR 727,381.00	EUR 10,043,015.00	10.043.015	17 February 2020

Contact & Service Get in touch with us

Sanja Schultz-Szabo Head of Corporate Development

Tel.: +49 (0) 40 66 86 49 0 investorrelations@varencorporate.com

Company Portrait. Clarity and transparency for investors.