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. The branch operates as an extension of the German bank rather than a separate legal entity, providing client-facing and operational support within the group’s core activities in marketplace banking and commercial banking. Varengold’s business model focuses on financing for non-bank lenders and fintech platforms (for example through senior or warehouse funding and fronting arrangements), along with selected transaction banking services for corporate clients; retail activity is limited and typically distributed online via third-party deposit marketplaces in certain countries. Products and contracts are generally entered into with Varengold Bank AG under German law, and the branch functions under home-state supervision by the German Federal Financial Supervisory Authority (BaFin) and host-state oversight in Bulgaria for local conduct matters. Eligible deposits with the bank are protected by the German statutory deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken) up to the applicable legal limits per depositor. Onboarding follows EU and German anti-money laundering requirements, so corporate clients should expect standard KYC, ownership verification, and documentation of source of funds. Pricing for corporate facilities is negotiated case by case, and service availability can depend on regulatory, risk, and concentration limits set by the bank. The Sofia operation primarily serves corporate and institutional counterparties and does not function as a retail branch network; contact channels, languages supported, and current product scope are listed on the bank’s official website.