DGAP-News: Varengold Bank AG: Closure of the business area Capital Markets Brokerage
Corporate News: Varengold Bank AG / Key word(s): Strategic Company Decision/Miscellaneous
Varengold Bank AG: Closure of the business area Capital Markets Brokerage
04.03.2016 / 17:09
Dissemination of a Corporate News.
The issuer is solely responsible for the content of this announcement.
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.
04.03.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
Language:
English
Company:
Varengold Bank AG
Große Elbstraße 27
22767 Hamburg
Germany
Phone:
+49 (0)40 / 668649-0
Fax:
+49 (0)40 / 668649-49
E-mail:
info@varengold.de
Internet:
www.varengold.de
ISIN:
DE0005479307
WKN:
547930
Listed:
Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News
DGAP News Service
442831 04.03.2016