Varengold Bank AG: Closure of the business area Capital Markets Brokerage

Varengold Bank AG  / Key word(s): Strategic Company Decision/Miscellaneous

04.03.2016 17:09

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Hamburg, 4th March 2016 - After implementing a capital increase in February
2016, Varengold Bank AG (ISIN DE0005479307) has defined the strategic
orientation of the bank. The business area Capital Markets Brokerage will
be closed in order to limit risk and earning volatilities. In the future,
the Bank will focus on the two business areas Commercial Banking and Prime
Brokerage, where higher risk-adjusted returns are expected.

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Language:     English
Company:      Varengold Bank AG
              Große Elbstraße 27
              22767 Hamburg
Phone:        +49 (0)40 / 668649-0
Fax:          +49 (0)40 / 668649-49
ISIN:         DE0005479307
WKN:          547930
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart;
              Open Market (Entry Standard) in Frankfurt
End of Announcement                             DGAP News-Service