Varengold Bank AG
Securities Identification Number (WKN)
Stock market abbreviation
Registered office of the company
Initial public offering
20 March 2007.
Type of share (class)
No-par value bearer shares
Number of shares
Amount of the share capital
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With their quick and easy loan processing, peer-to-peer platforms are revolutionising the financial services sector. They increasingly replace well-established banks, where many clients fall outside the target grid, due to their small loan size or risk profile. Varengold finances the fast and sustainable growth of these Fintechs and positions itself as the partner for the Marketplace Banking industry. The financial institution, whose portfolio includes all the products of a full-service bank, impresses above all with its streamlined and efficient structures.
With its focus on Marketplace Banking, Varengold is active in a market with huge growth rates. Experts estimate that the volume of 3.8 billion Euros placed in Europe via online platforms in 2017 will almost triple to approximately 10.3 billion Euros in 2022. In Germany, an increase of 317 million Euros to 879 million Euros is expected for this period. Varengold sees great potential, especially in the Eastern European market. There, the active marketplaces are usually at the beginning of their life cycle and therefore offer particularly large growth opportunities. The branch in Bulgaria serves as a hub, from which Varengold will serve the entire Eastern European market.
Part of the credit agreement with the customer is a so-called “equity upside”. This gives Varengold the opportunity to acquire a certain number of shares in the Fintech (borrower) within a certain period of time at a fixed price. As a result, in addition to the traditional interest and commission income from the lending business, the bank realizes additional earnings potential from sales proceeds from equity investments.
Varengold has an excellent credit risk analysis and management. As a result, the bank is able to assess risks and has built a highly diversified loan book. This supply of credit serves as a anchor product inorder to attract many individual customers.
More than 2 billion people worldwide still lack access to formal financial services. With the support of online marketplaces, Varengold is helping to make banking services available to people who have not had access to these services previously.
Bulgarian Credit Rating Agency (BCRA)
31.12.2016 in EUR
31.12.2017 in EUR
Key figures per share
Earnings per share
|14 612 760|
17 575 497
|01.01. bis 31.12.2016|
01.01. bis 31.12.2017
Net interest income
Net commission income
Net result of the trading portfolio
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