Ascory Bank AG* is a German credit institution founded in Hamburg in 1995 with an additional location in Sofia. In 2025, the institution underwent a fundamental repositioning—with new management, clearly structured processes, and a new business strategy. The new, focused business model as a specialist bank for structured financing in the corporate client sector is aimed at start-up and scale-up customers in the fintech (including leasing and factoring institutions), energy transition, and leveraged finance sectors and is based on a diversified funding strategy.

The bank is registered with the German Federal Financial Supervisory Authority under number 109 520 and is affiliated with the German Banks Compensation Scheme (EdB). The share (ISIN: DE000A40ZUV2) is listed on the open market of the Frankfurt Stock Exchange.

*currently still operating under Varengold Bank AG

For further information please visit our website.

Imprint 
https://ascory-bank.de/en/legal/imprint

Legal & Compliance 
https://ascory-bank.de/en/legal/legal-and-compliance

Ascory Bank

Matthias Wargers

This department focuses on managing relationships and services for corporate clients in the fintech sector.

Corporate Clients Division

This department focuses on fostering a positive workplace environment, managing employee relations, and developing organizational culture.

People and Culture

This department focuses on the development, deployment, and maintenance of cloud infrastructure and services.

Cloud Engineering

This department manages and oversees project planning, execution, and monitoring to ensure successful delivery within scope and budget.

Project Management

This department manages client relationships and oversees environmental, social, and governance initiatives.

Client Relations

This department manages organizational communication strategies and oversees board-related activities.

Ascory Bank

Org chart

Teams

Corporate Clients Division

People and Culture

Cloud Engineering

Project Management

Client Relations

Communications & Board Affairs

Offices

Ascory Bank

Org chart

Teams

Corporate Clients Division

People and Culture

Cloud Engineering

Project Management

Client Relations

Communications & Board Affairs

Offices

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