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Varengold Bank AG (VG8G.DE)

VG8G.DE on Xetra

5.50EUR
24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Varengold Bank posts FY net loss of 1.486 million euros
Friday, 31 Mar 2017 08:48am EDT 

Varengold Bank Ag : Interest income earned by bank rose from 1.326 million euros ($1.42 million) in 2015 to 4.474 million euros in 2016 . FY net income from trading portfolio fell from 11.117 million euros to 5.685 million euros . Preliminary net loss for year of 1.486 million euros (previous year: loss 13.218 million euros) .Is viewing 2017 fiscal year with confidence.  Full Article

Varengold Bank H1 interest income swings to profit of EUR 0.893 mln
Tuesday, 23 Aug 2016 07:00am EDT 

Varengold Bank AG : According to preliminary, unaudited figures as at 30 June 2016, Varengold Bank total assets rose to 634.1 million euros ($718.63 million)(30 June 2015: 626.3 million euros) . Interest income rose from - 1.168 million euros in first half of 2015 to 0.893 million euros in same period in 2016 . Net commission recorded a significant increase to 5.720 million euros in first half of 2016, driven particularly by strong expansion of prime brokerage activities (30 June 2015: 1.524 million euros) . Overall, due to strategic refocusing and operational improvement measures that have been introduced, management board is viewing second half of 2016 with confidence .Income from normal business activities amounted to 1.847 million euros in first half of year (30 June 2015: - 2.426 million euros).  Full Article

Varengold Bank sees operating result of approx. 2.5 mln euros for H1
Monday, 11 Jul 2016 10:27am EDT 

Varengold Bank AG :Based on preliminary figures, the bank expects an operating result of approx. 2.5 million euros ($2.76 million)for first half of 2016.  Full Article

Varengold Bank's CEO to leave the company
Thursday, 16 Jul 2015 07:47am EDT 

Varengold Bank AG:CEO of Varengold Bank, Yasin Sebastian Qureshi, and two of executive board members, Mohammad Hans Dastmaltchi and Steffen Fix, will be leaving executive board in agreement with bank as of July 31.  Full Article

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BRIEF-Varengold Bank posts FY net loss of 1.486 million euros

* Interest income earned by bank rose from 1.326 million euros ($1.42 million) in 2015 to 4.474 million euros in 2016