Stock at Varengold Bank

Past performance is not an indicator for the future performance.

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Stock

Varengold Bank AG

Securities Identification Number (WKN)

547930

ISIN

DE0005479307

Stock market abbreviation

VG8

Reuters code

VG8G.DE

Registered office of the company

Hamburg

LEI of the company

529900BIK4WRWS06MR52

Branch

Financial services

Initial public offering

20 March 2007

Market segment

Open Market

Transparency level

Basic Board

Type of share (class)

No-par value bearer shares

Number of shares

10.043.015 shares

Amount of the share capital

10.043.015 EUR

Designated sponsor

Oddo Seydler Bank AG

Paying agent

Bankhaus Gebr. Martin AG

Specialist

Baader Bank AG

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Shareholder structure

Ca. 72% | Institutional investors and business partner

Ca. 28% | Freefloat

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Reasons to invest in Varengold

With efficient structures fit for the financial sector of the future>

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.

Focus on the global growth market "Marketplace Banking">

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. 

Additional earnings potential from sales proceeds>

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. 

The supply of credit as an anchor product for customer acquisition>

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.  

Contribution to financial inclusion>

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.


Risks associated with the security paper

Price fluctuations>

There is the risk of market-related price fluctuations.

Price impact>

There is a risk that the share price will be affected by analysts' opinions and other opinions expressed in the media.

Share sales>

There are price risks as a result of future share sales due to the low trading volume.

Tradeability>

There is a risk of limited tradability / lack of tradability.

Dilution>

There is a risk of future dilution of participations as a result of capital measures excluding subscription rights.

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Rating

RATING AGENCY

DATE

LONG-TERM RATING

Bulgarian Credit Rating Agency (BCRA)

July 2024

BBB-


Key figures

Key figures per share

31/12/2022
in EUR

31/12/2021
in EUR

Earnings per share

0.90 1.71

Market capitalization

57,245,186 44,390,126
     

Income statement

01/01 until 31/12/2022
in TEUR

01/01 until 31/12/2021
in TEUR

Interest income

13,598 6,750

Current income from shares and other
variable income securities as well as
from shares in affiliated companies

302 1,243

Commission income

65,303

45,145

Other operating income

-4,872

-1,231

     

Administrative expenses

-35,704 -22,876

Depreciation and value adjustments

-8,184 -7,627

Transfer to the fund for general banking risks

-5,000 0
     

Income from normal business operations

25,443 21,403

Income for the year

9,057 17,166
     

Balance sheet

31/12/2022
in TEUR

31/12/2021
in TEUR

Total asstets

1,421,365 1,466,744

Net asstes

64,888 55,831

Financial news

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Financial reports

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Financial calendar

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Marketplace Banking

Partner of FinTechs for  modern banking

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Transaction Banking

Financial products for companies focused on international trade

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About Varengold

Who we are. What drives us. Where we want to go.

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