Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Last €13.06 EUR
Change Today -0.14 / -1.06%
Volume 0.0
VG8 On Other Exchanges
As of 4:21 AM 10/6/15 All times are local (Market data is delayed by at least 15 minutes).

varengold bank ag (VG8) Snapshot

Previous Close
Day High
Day Low
52 Week High
07/15/15 - €21.25
52 Week Low
11/3/14 - €7.45
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for VARENGOLD BANK AG (VG8)

Related News

No related news articles were found.

varengold bank ag (VG8) Related Businessweek News

No Related Businessweek News Found

varengold bank ag (VG8) Details

Varengold Bank AG provides various financial services in Germany. It operates through Asset Management, Commercial Banking, Investment Banking, and Capital Markets Brokerage divisions. The company offers asset management services in the field of alternative investments to institutional investors, as well as to individuals. The company also provides commercial banking products and services comprising international payments, leverage finance, financial advisory, letter of credit, guarantees, and structured trade finance, as well as various deposit accounts, including money market accounts, saving accounts, and fixed term deposits. In addition, it supports corporate customers with equity and equity-linked transactions; and offers consultation services and solution structures, including initial public offers, secondary placement offers, capital increases, share repurchases, and stake buildings, as well as equity execution services. Further, the company provides access to various financing options on the international bond markets, such as private placements, corporate bonds, syndicated credits, conversion loans, and conversion loans. Additionally, it offers banks and online banks to participate in forex trading with its white label solutions; prime brokerage solutions; and trading platforms for private and professional traders, as well as online brokerage services. The company was formerly known as Varengold Wertpapierhandelsbank AG and changed its name to Varengold Bank AG in July 2013. Varengold Bank AG was founded in 1995 and is headquartered in Hamburg, Germany.

Founded in 1995

varengold bank ag (VG8) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

varengold bank ag (VG8) Key Developments

Varengold Bank AG Appoints Pricewaterhousecooper Aktiengesellschaft as Auditor

The stockholders of Varengold Bank AG approved the selection of the auditing firm PricewaterhouseCooper Aktiengesellschaft as auditor for the fiscal year 2015.

Varengold Bank AG Reports Unaudited Preliminary Financial Results for the First Half Ended June 30, 2015; Provides Earnings Guidance for the Second Half of 2015

Varengold Bank AG reported unaudited preliminary financial results for the first half ended June 30, 2015. For the period, cash flow from operating activities increased by a total of EUR 147,063,000 to EUR 162,955,000. The interest income of the company increased from EUR 807,000 in the first half of 2014 to EUR 1,128,000 in the first half of 2015, this is based primarily on business activities in the Commercial Banking division. Net commission income recorded an increase from EUR 673,000 to EUR 1,524,000 and was primarily driven by the Capital Markets division. Net income from the trading portfolio increased overall from EUR 2,915,000 to EUR 7,542,000. Net loss amounted to EUR 1,833,000 against EUR 906,000 a year ago. The board looks forward with confidence to the second half of the 2015 financial year given the general conditions currently developing in the market.

Varengold Bank AG Announces Management Changes

The CEO of Varengold Bank AG, Yasin Sebastian Qureshi, and two of the executive board members, Mohammad Hans Dastmaltchi and Steffen Fix, will be leaving the executive board of the company in agreement with the bank as of July 31, 2015. Mr. Qureshi and Mr. Fix founded Varengold Bank together in 1995 and continuously developed the company shortly after together with Mr. Dastmaltchi, forming the current bank providing a full range of banking services. Mr. RA Hans J.M. Manteuffel, Prof. Peter Andree and StB Willi M-ller, all members of the supervisory board have announced that they will be stepping down from their posts as members of the supervisory board with effect from the end of the next general meeting on August 26, 2015. The remaining executive board members, Dr. Bernhard Fuhrmann and Frank Otten, have extensive experience in national and international banking and will continue to drive forward the strategic development of the bank as a young deposit bank as before.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
VG8:GR €13.06 EUR -0.14

VG8 Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for VG8.
View Industry Companies

Industry Analysis


Industry Average

Valuation VG8 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 1.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact VARENGOLD BANK AG, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at