Varengold Bank

EQS-News: Varengold Bank AG: Preliminary unaudited figures for 2023 and a good start to the year in Q1 2024

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Wednesday, April 10, 2024

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Hamburg, 09/04/2024 – Varengold Bank AG (symbol: VG8) looks back on a turbulent year 2023.

Key Points:

Hamburg, 09/04/2024 – Varengold Bank AG (symbol: VG8) looks back on a turbulent year 2023.
The special audit is still ongoing, with two of the three audit items having been completed to date.
For the financial year 2023, the Bank reports preliminary and unaudited earnings before taxes (EBT) as a key performance indicator of EUR 25.8 million (preliminary EBT 2022: EUR 26.8 million).
As at 31 March 2024, the Bank reported a preliminary EBT of EUR 5.9 million.

EQS-News: DF Deutsche Forfait Group obtains preliminary injunction against Varengold Bank AG

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Saturday, December 30, 2023

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The credit balance of EUR 5,5 million blocked since June 14, 2023 must be paid out

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The credit balance of EUR 5,5 million blocked since June 14, 2023 must be paid out
Cologne / Hamburg, December 19, 2023 - Deutsche Forfait GmbH is a subsidiary of DF Deutsche Forfait AG (ISIN: DE000A2AA204) and obtained a preliminary injunction against Varengold Bank AG before the Hamburg Regional Court on December 15, 2023.
The Regional Court ordered Varengold Bank AG to transfer the retained credit balance of Deutsche Forfait GmbH in the amount of EUR 5.5 million.
Deutsche Forfait GmbH is a customer of Varengold Bank AG.
Dr. Behrooz Abdolvand, CEO of DF Deutsche Forfait AG, welcomes the court's decision: "We are pleased that the court has ordered Varengold Bank AG to execute our transfer orders.

EQS-News: Special auditor of Varengold Bank AG releases DF Group assets

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Thursday, December 21, 2023

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Cologne, December 21, 2023 – DF Deutsche Forfait AG (ISIN: DE000A2AA204) yesterday received the news that the special auditor of Varengold Bank AG has released the credit balance of Deutsche Forfait GmbH previously held back by Varengold Bank AG.

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Cologne, December 21, 2023 – DF Deutsche Forfait AG (ISIN: DE000A2AA204) yesterday received the news that the special auditor of Varengold Bank AG has released the credit balance of Deutsche Forfait GmbH previously held back by Varengold Bank AG.
The credit balance has already been transferred to other accounts of the company in Germany, as requested by Deutsche Forfait GmbH.
commented Dr. Behrooz Abdolvand, CEO of DF Deutsche Forfait AG, on the news.
Hans-Joachim von Wartenberg, CEO of DF Deutsche Forfait AG, adds: "We are very pleased about the approval by the special auditors.

EQS-News: DF Deutsche Forfait AG starts with profitable half-year 2023 and first success in the new Trading division

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Friday, September 29, 2023

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Cologne, September 29, 2023 – DF Deutsche Forfait AG (ISIN: DE000A2AA204) today published its interim report as of the balance sheet date June, 30, 2023.

Key Points:

Cologne, September 29, 2023 – DF Deutsche Forfait AG (ISIN: DE000A2AA204) today published its interim report as of the balance sheet date June, 30, 2023.
In total, this led to a decrease in gross profit to EUR 4.4 million (previous year: EUR 4.9 million).
"In the first half of 2023, DF Group successfully continued to develop its business despite the incipient uncertainty among our market participants.
The interim report as of June 30, 2023 of DF Deutsche Forfait AG is available on the company's website at www.dfag.de/en/investor-relations/publications/

EQS-News: Varengold Bank AG takes a stand on the current, in part grossly misleading media coverage

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Thursday, June 22, 2023

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Varengold Bank AG takes a stand on the current, in part grossly misleading media coverage

Key Points:

Varengold Bank AG takes a stand on the current, in part grossly misleading media coverage
The issuer is solely responsible for the content of this announcement.
There is not yet a legally binding result of the audit, but Varengold Bank has immediately taken preventive measures in the affected business division to secure the Bank on its stable foundation.
The current situation was not foreseeable for Varengold Bank.
The other business units Marketplace Banking and the deposit business (call and fixed-term deposits) of Varengold Bank will continue as usual.

EQS-News: Varengold Bank AG: Growth continues - EBT in the first quarter increased by 51 % compared to the same period last year

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Saturday, April 15, 2023

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Hamburg, 12/04/2023 – In the first quarter of 2023, Varengold Bank AG [ISIN: DE0005479307] once again demonstrated the viability of its business model.

Key Points:

Hamburg, 12/04/2023 – In the first quarter of 2023, Varengold Bank AG [ISIN: DE0005479307] once again demonstrated the viability of its business model.
The Hamburg-based institute succeeded in increasing net income by 22 % to EUR 19.1 million compared to the same quarter of the previous year.
Net income in this area significantly increased by 84 % compared to the first quarter of 2022, as the average loan volume clearly increased within the first three months (+47 %).
Dr Bernhard Fuhrmann, Management Board of Varengold Bank AG: "The development in the first quarter is fully on target.

EQS-News: Silicon Valley Bank situation - no worries at Varengold Bank

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Thursday, March 16, 2023

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Hamburg, 14/03/2023 – Varengold Bank AG is of course following the current events surrounding Silicon Valley Bank and is facing increased inquiries from business and shareholder circles.

Key Points:

Hamburg, 14/03/2023 – Varengold Bank AG is of course following the current events surrounding Silicon Valley Bank and is facing increased inquiries from business and shareholder circles.
Neither Varengold Bank itself nor its customers are directly affected by the events.
In accordance with its self-image as a partner of fintechs.
Varengold Bank offers its short-term support to companies that have run into difficulties through no fault of their own due to difficulties with their current banking partners, in order to jointly work out possible solutions.

EQS-News: Varengold Bank again impressively demonstrates operational strength

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Saturday, October 22, 2022

At the end of the third quarter of 2022, a total of 114 people were employed at Varengold Bank (reporting date 30.09.2021: 105 people).

Key Points:

At the end of the third quarter of 2022, a total of 114 people were employed at Varengold Bank (reporting date 30.09.2021: 105 people).
"Once again, we have succeeded to grow in the two core business areas," says Dr. Bernhard Fuhrmann, Member of the Board of Managing Directors of Varengold Bank.
After Germany and Austria, Varengold Bank is now providing its BaaS offering for credit card settlement accounts in Luxembourg, the Netherlands, Portugal and Finland.
Varengold Bank is a German financial institution founded in 1995 and granted a full banking licence in 2013.

DGAP-News: Varengold Bank AG significantly increases key figures in the first half of 2022

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Wednesday, July 27, 2022

50%

Key Points:

50%
Hamburg, 27/07/2022 Varengold Bank AG [ISIN: DE0005479307] has again proven the sustainability and scalability of its business model in the first half of 2022.
Varengold Bank was able to increase earnings before taxes (EBT) by 124% to EUR 18.2 million (previous year: EUR 8.1 million).
Due to the revenue and earnings figures, which were significantly above plan at the end of the first half of the year, the Bank is adjusting its forecast for the 2022 financial year.
Varengold Bank AG assumes no responsibility for updating the forward-looking statements contained in this release.

DGAP-News: Varengold Bank Significantly Increases EBT and Net Income Again

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Tuesday, April 12, 2022

Hamburg, 11/04/2022 - Varengold Bank AG [ISIN: DE0005479307] continued its successful course in the first quarter of 2022 and significantly increased all key figures.

Key Points:

Hamburg, 11/04/2022 - Varengold Bank AG [ISIN: DE0005479307] continued its successful course in the first quarter of 2022 and significantly increased all key figures.
Net income increased by 60% to EUR 15.7 million compared to the same period of the previous year (EUR 9.8 million).
In addition, Varengold Bank further expanded its existing customer business in the first quarter with a volume of around EUR 94 million.
The fact that Varengold Bank is keeping an eye on costs despite the strong growth in EBT and net income is shown by the administrative expenses.