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, Sofia Branch operates as a branch of Varengold Bank AG (Germany).
Varengold Bank AG, Sofia Branch 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, Sofia Branch is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it.
Varengold Bank AG, Sofia Branch is located in Sofia.
Varengold Bank AG, Sofia Branch is authorized and supervised by the Bulgarian National Bank.