Brief: Varengold Bank AG Forecast Of Between EUR 1.7-2.2 Million Before Taxes Expected For 2018

Ascory Bank AG

31/07/2018 16:25

Varengold Bank AG  VG8G.DE :
    * IN H1 OF 2018, TOTAL ASSETS INCREASED SIGNIFICANTLY FROM
EUR
445.2 MILLION TO NEARLY EUR 665.5 MILLION
    * H1 RESULT OF ORDINARY BUSINESS ACTIVITIES OF VARENGOLD
BANK AG
AT TEUR 1,208 (30TH JUNE 2017: TEUR 675)
    * H1 NET LOSS OF VARENGOLD BANK AG AT TEUR 464 AT REPORTING
DATE
(30TH JUNE 2017: NET PROFIT TEUR 219)
    * FORECAST OF BETWEEN EUR 1.7-2.2 MILLION BEFORE TAXES
EXPECTED
FOR 2018
    * H1 INTEREST RESULT INCREASED FROM TEUR 2,047 IN H1 OF 2017
TO
TEUR 3,429 IN H1 OF 2018
    * H1 COMMISSION RESULT ALMOST CONSTANT AT TEUR 8,108 IN
FIRST HALF
OF 2018 (30TH JUNE 2017: TEUR 5,818)

Source text for Eikon:  ID:nEQc81Wt3a 
Further company coverage:  VG8G.DE