Varengold was established in 1995 as an asset manager, providing German investors access to the markets of managed futures, hedge funds and alternative investment. In 2013 Varengold obtained its commercial banking license and started providing retail, corporate and investment banking products and services.
Varengold Bank AG is the 977th largest bank in Germany in terms of total assets. In 2017 its total assets were 445,21 mln EUR, providing the bank with the market share of 0.01%. In 2017 the bank's net income was -19,95 mln EUR.
Varengold Bank AG participates in the deposit guarantee scheme of Germany. This deposit guarantee scheme applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. Varengold Bank AG is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it.
Varengold Bank AG is headquartered in Hamburg.