Varengold Bank AG announced preliminary earnings results for the first half of 2018. In the first half of 2018, the company's interest result increased due to the expanded lending volume from EUR 2,047,000 in the first half of 2017 to EUR 3,429,000 in the first half of 2018. The net result from trading portfolio increased by EUR 69,000 to EUR 105,000. In total, the result of ordinary business activities of the bank in the first half of 2018 amounted to EUR 1,208,000 compared to EUR 675,000 in 2017 with a net loss of EUR 464,000 at the reporting date compared to net profit of EUR 219 in 2017.