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Last €13.10 EUR
Change Today 0.00 / 0.00%
Volume 0.0
VG8 On Other Exchanges
As of 11:15 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

varengold bank ag (VG8) Snapshot

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Day High
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52 Week High
07/15/15 - €21.25
52 Week Low
08/14/14 - €7.42
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Current Stock Chart for VARENGOLD BANK AG (VG8)

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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 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.

Varengold Bank AG, Special/Extraordinary Shareholders Meeting, Jan 20, 2015

Varengold Bank AG, Special/Extraordinary Shareholders Meeting, Jan 20, 2015., at 10:00 Central European Standard Time. Location: at Haus der Wirtschaft Service GmbH.

Varengold Bank AG Reports Preliminary Earnings Results for the Six Months Ended June 30, 2014

Varengold Bank AG reported preliminary earnings results for the six months ended June 30, 2014. The company recorded preliminary net loss of EUR 906,000 against EUR 365,000 last year. This result was significantly impacted by the increased administrative expenses related to the further developments of the Bank. The net result of the trading portfolio increased about EUR 717,000 compared to the first half of 2013 up to EUR 2,915 million in total. Resulting from the activities in the new Commercial Banking division, net interest income increased to EUR 384,000.


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Valuation VG8 Industry Range
Price/Earnings 100.0x
Price/Sales 1.6x
Price/Book 2.1x
Price/Cash Flow 28.3x
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