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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 , EUR per bank per depositor.

Business Focus asset management. Given the uncertainties associated with the continuing pandemic, Varengold Bank will again use a significant share of this revenue increase for risk provisioning.

In the light of the continued earnings strength of Varengold Bank under particularly challenging conditions, the Management Board has decided to pay out a COVID bonus towards the year's end.

Depending on type of employment and length of service, employees will receive a payment of up to EUR 1, Owing to a respective provision by the Federal Ministry of Finance, this bonus will remain tax-free within Germany.

Board Member Dr. Bernhard commented on the decision as follows:. Working from home does not automatically mean things get any easier. Instead, many of our employees were faced with new challenges, be it in the set-up of a suitable workstation or in the reorganisation of family life.

Others took it upon themselves to come into the office every day to keep essential processes running despite the greater risk to their health.

At Varengold, this is what we call "going the extra mile". Now, this particular extra mile will be compensated with an extra payment.

Retrieved 14 August BaFin in German. Entschädigungseinrichtung deutscher Banken. Market Watch.

DE in German. Dort gelingt der Einstieg in die Welt des Tradings allein auf der Grundlage einer virtuellen Währung. Anfänger profitieren hier von der Gelegenheit, schnell die ersten Erfahrungen mit dem Handel zu sammeln, die nicht mit einem Risiko in Verbindung stehen.

Doch selbst erfahrenen Profis gelingt es in der Praxis immer wieder, einen wesentlichen Mehrwert aus diesem Angebot zu ziehen.

Dies liegt vor allen Dingen an der Chance, eine neue Handelsstrategie im Vorfeld genau auf den Prüfstand zu stellen und so weitere wichtige Erkenntnisse zu gewinnen.

Doch nicht nur über das Demokonto wird viel für die Fortbildung der Trader geleistet. Auf der Homepage von Varengold stehen immer wieder wichtige Blogbeiträge zu aktuellen Themen aus der Finanzwelt zur Verfügung.

Auch hierin liegt die Chance, einen besseren Zugriff auf die aktuelle Lage des Marktes zu bekommen. Die folgenden Methoden können allesamt in Anspruch genommen werden:.

Wer besonders schnell die ersten Aktionen mit dem neuen Konto durchführen möchte, sollte bereits bei der Wahl der Zahlungsart einige Punkte beachten.

So kann es bei der Nutzung der klassischen Überweisung bis zu fünf Werktage dauern, bis sich der gewünschte Betrag tatsächlich auf dem Konto befindet.

Generell verzichtet Varengold jedoch darauf, von den Kunden eine zusätzliche Gebühr zu verlangen. Die Mindesteinzahlung liegt mit 2.

As a result, the bank was able to successfully attain an KfW accreditation. In addition, the pandemic did not deter the bank from continuing its New Work and sustainability initiatives.

Aside from further business development and the management of COVIDrelated risk, the bank will undergo additional measures aimed at increasing digitalisation and at optimising internal processes.

The New Work and sustainability initiatives will be continued. With the publication of Varengold Bank AG's first sustainability report and a move to new, contemporary business premises on the horizon, both these initiatives will reach major milestones soon.

Within Marketplace Banking, the bank will focus on expanding both the credit portfolio and fronting services offering. Within Commercial Banking, the trade finance segment will receive even greater attention.

At the end of his presentation, Dr. Fuhrmann summarised his review of to date and the bank's plans for as follows: "The second wave of the COVID pandemic has left its mark on our society and our economy.

Varengold Bank AG's development to date, including the new business we have generated, proves once more that our business model is future proof.

We are full of optimism and have the operational resources available to not only master the current crisis but to come out of it stronger than we were before".

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