DGAP-News: Varengold Bank AG

DGAP-News: 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

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement.

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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.

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 Announcement DGAP News-Service ---------------------------------------------------------------------------