Stock at Varengold Bank

Past performance is not an indicator for the future performance.

1

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

9.315.634 shares

Amount of the share capital

9.315.634 EUR

Designated sponsor

Oddo Seydler Bank AG

Paying agent

Bankhaus Gebr. Martin AG

Specialist

Baader Bank AG

1

Shareholder structure

92% | Institutional investors and business partner

8% | Freefloat

1

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.

1

Rating

RATING AGENCY

DATE

LONG-TERM RATING

Bulgarian Credit Rating Agency (BCRA)

Mai 2018

BBB-


Key figures

Key figures per share

31/12/2016
in EUR

31/12/2017
in EUR

Earnings per share

-0.51

+0.01

Market capitalization

14,612,760

17,575,497

   

Income statement

01/01 until 31/12/2016
in TEUR

01/01 until 31/12/2017
in TEUR

Net interest income

1,578

3,841

Net commission income

5,716

10,122

Net result of the trading portfolio

5,685

149

Other operating result

1,703

-810

Income from investments/securities

554

571

Administrative expenses

-15,547

-13,421

Depreciation and value adjustments

-2,212

-514

Result of the normal business activity

-2,523

556

Annual net profit/net loss

-1,486

23

   

Balance sheet

31/12/2016
in TEUR

31/12/2017
in TEUR

Balance sheet total

613,895

445,211

Equity

13,578

18,460

Financial news

Find out more

Financial reports

Find out more

Financial calendar

Find out more

Marketplace Banking

Partner of FinTechs for  modern banking

Find out more

Transaction Banking

Financial products for companies focused on international trade

Find out more

About Varengold

Financial products for customers focused on international trade

Find out more