Varengold Bank AG is a German investment bank founded in Hamburg in 1995 that also has offices in London and Sofia.
History
Varengold was founded in Hamburg in 1995 by former derivatives traders led by Yasin Sebastian Qureshi and initially operated as an asset-management and brokerage house; it obtained a full banking licence in 2013. Since the company was founded, the focus of its business activities has initially been on derivatives brokerage and services in the area of alternative investments such providing trading in contracts for difference (CFDs).
In 1998, Varengold was granted a credit institution license by the then Federal Banking Supervisory Office (Bundesaufsichtsamt für das Kreditwesen). In June 2013 Varengold was granted a license as a deposit-taking bank.
Since 20 March 2007, the Varengold shares have been listed in the unofficial market of the Frankfurt Stock Exchange in the Entry Standard market segment. With the discontinuation of the Entry Standard on 1 March 2017, Varengold moved to the Basic Board.[2] In 2018, the company was listed on regional exchanges such as the Börse München.[3]