Last €14.17 EUR
Change Today +0.044 / 0.31%
Volume 819.0
As of 3:35 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

varengold bank ag (VG8) Snapshot

Open
€14.11
Previous Close
€14.13
Day High
€14.32
Day Low
€14.11
52 Week High
05/12/14 - €14.90
52 Week Low
08/14/14 - €7.42
Market Cap
25.1M
Average Volume 10 Days
2.5K
EPS TTM
€-2.28
Shares Outstanding
1.8M
EX-Date
08/4/11
P/E TM
--
Dividend
--
Dividend Yield
--
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 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.

Varengold Bank AG Reports Unaudited Earnings Results for the Year 2013

Varengold Bank AG announced that according to preliminary, unaudited figures concluded the financial year 2013 with an annual deficit of approximately EUR 3.7 million. Due to the continued low levels of managed customer deposits (AuM), the contribution to earnings stagnated in the business field Asset Management during the period under consideration. In addition, the fiscal year was impacted by significant administrative expenses in all fields of business, which were necessary for the expansion of Varengold as a commercial bank and its future realignment.

Varengold Bank AG, Special/Extraordinary Shareholders Meeting, Jan 15, 2014

Varengold Bank AG, Special/Extraordinary Shareholders Meeting, Jan 15, 2014. Agenda: To approve capital increase under exclusion of the subscription right.

 

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VG8

Industry Average

Valuation VG8 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.6x
Price/Book 2.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
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