Varengold Bank AG announced earnings results for the nine months of 2020. For the quarter, the company reported commission fees, which rose from EUR 9.3 million to EUR 13.5 million, were once again the main driver of a EUR 3.5 million increase in revenues compared to the same period in the previous year. Given the uncertainties associated with the continuing pandemic, Varengold Bank will again use a significant share of this revenue increase for risk provisioning. Nonetheless, the EBT of EUR 2,849,205 for the first three quarters of 2020 will remain 28% higher compared to the same period in 2019 (EUR 2,232,083).