Last €12.17 EUR
Change Today -0.245 / -1.97%
Volume 0.0
As of 5:48 AM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

varengold bank ag (VG8) Snapshot

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05/12/14 - €14.90
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11/8/13 - €6.35
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varengold bank ag (VG8) Details

Varengold Bank AG provides investment banking services in Germany. It engages in the alternative investment activities for mid-sized institutional and private investors. The company also offers commercial banking products and services comprising letters of credit, Lombard credit, and deposit interest services. In addition, it provides brokerage services for institutional and private investors under the Varengold Bank FX brand; and trades contract for difference derivatives and commodities. 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

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varengold bank ag (VG8) Key Developments

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.

Varengold Bank AG Announces Board Changes

The supervisory board of Varengold Bank AG has appointed Mr. Frank Otten (48) to an additional member of the board of managing directors as successor of Mr. Friedrich Verspohl. Mr. Otten is available for the Bank with his high national and international work experience in the banking sector from now on. Mr. Otten finished his training as a banker at Landesbank Schleswig-Holstein (since 6/2003, HSH Nordbank) in 1987. Then Mr. Otten was employed at HSH Nordbank for 21 years and was, among others, in charge of the branch in Tallinn (Estonia) and was responsible for the establishment in the region Central and Eastern Europe as well as the conduct of the lending business line /syndications and operated as Global Head of Financial Institutions. Since 2010 he also acts as Chief Executive Officer (CEO) at the Arensburg Consult.


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