Varengold Bank AG, Sofia Branch products, services and reviews

About Varengold Bank AG, Sofia Branch

Varengold Bank AG, Sofia Branch is the Bulgarian branch of Varengold Bank AG, a German credit institution headquartered in Hamburg and listed in Frankfurt, operating in the EU under the home-state license of Germany. The branch focuses on corporate and institutional clients, with an emphasis on marketplace banking and commercial banking: services typically include business accounts and euro payments (SEPA) and cross-border transfers (SWIFT), partner solutions for fintechs, funding lines for platform lenders, and trade finance instruments such as guarantees and letters of credit; it does not operate a retail cash counter or ATM network and is not positioned for walk-in consumer banking. As an EU branch of a German bank, prudential supervision is carried out by the German Federal Financial Supervisory Authority (BaFin) and Deutsche Bundesbank, with local oversight by the Bulgarian National Bank for branch conduct; eligible deposits are protected by Germany’s statutory deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken) up to EUR 100,000 per depositor, not by the Bulgarian deposit insurance fund. Onboarding is oriented to businesses and typically involves enhanced due diligence, with conditions and pricing set individually based on transaction volumes, risk profile, and required services; product availability may depend on regulatory permissions and internal risk appetite at the time of application. The Sofia unit primarily serves clients through relationship managers and remote channels in English and regional languages; operating hours, documentation requirements, and processing times are provided directly to applicants, and prospective clients should review the bank’s latest public disclosures and terms before engaging.