Open Market Bank of K

[Th'edar Kolbert]

• Image Source: Source, picture modified by Ingrid L'lerim ; Headers: Ingrid L'lerim
  
• Canon Link: N/A
  
• Primary Source: E Corp, Stellaris MegaCorp, Weyland-Yutani Corporation
  

• Corporation Name: Bank of K
  
• Headquarters: K Corporation District, Zakuul
  
• Locations:
  • Kalidan
  • Muunilist
  • Scipio
  • Conglomerate Prime
  • Lotho Minor
  • Bursoll II
  • Trenwyth
  • Pa’desh
  • Endor
  • Maya Kovel
  • Qina
  • Denon
  • Dromund Kaas
  • Zeltros
  • Bastion
  • Naboo
  • Coruscant
• Operations:
  • Commercial banking
    
  • Investment banking
    
  • Asset management
    
  • Investment management
    
  • Stock trading
    
  • Issuing debt
    
  • Buying up and holding debts
    
  • Insurance
    
  • Real estate management
    
  • Mutual funds
    
  • Issuing and managing its own currency
    
  • K Credit Network
• Parent Corporation: K Corporation
  
• Subsidiaries: N/A
  

Bank of K is one of the largest commercial bank among the stars, it has offices on many planets, and does commercial banking for countless individuals. It issues loans for consumers and manages their bank accounts and investments. Mortgages, vehicle loans, small business loans, consumer loans, student debt loans, Bank of K issues all, it is their main business profile. According to the Bank’s internal projection it is the largest holder of individual debts on its region of the galaxy. Small commercial banking is the largest apparent side of the Bank for the general public.

Beside the massive commercial bank network, Bank of K is also an investment bank, it does business with governments, corporations, institutions and with other organizations. Usually they buy and sell stocks on the galactic stockmarket, invest in other corporations and buy up debt and debt based securities. Bank of K has very good relations with large corporations and governments, because it likes to finance them even if it seems like not a good investment. They hold shares in many corporations and trade with these shares on a very large scale to earn a profit. Bank of K also have mutual funds, clients can invest in these funds and Bank of K manages them and give a fine return on their investment.

The real advantage lies in the large data network K Corp provides for the bank, it has datacenters on every planet the bank has an office on and they are connected in the same network. The main hubs are on Zakuul and Kalidan, but it has many back-up sites too. The network serves as a huge digital ledger and data network. Everything the Bank does is documented here, all the financial data is stored here and can be accessed easily. Every information the bank gathers is also stored here and can be analysed to make better business decisions. Bank of K can gather information from corporations they hold shares in, and these data are also stored and mined here to model stockmarket trends and make better market decisions.

K Credit - or Kredit in short - is a currency, credit K Corp issues and manages. K Corp uses this currency internally and externally. What makes K Credit unique is that it is a normal and a digital currency at the same time, each transaction with K Credit is documented and validated on K Corp’s data network, so it is a type of hybrid centralized crypto currency. K Corp can pay its employees in K Credit, it can also issue loans for its employees, business partners and consumers in K Credit too. Bank of K also functions as a central bank for K Corp, it issues new K Credit and manages the exchange rates and interest rates. Local governments can use backdoors to check on their citizens K Credit account and transaction records, if they are willing to legalize K Credit as a form of currency in their domains. K Corp does use and hold other credits too, even more it likes to do business with local currencies, but internally it falls back on K Credit and its flexibility. K Credit is backed by the large information network of K Corp, the megacorporation’s wealth and their partners’ trust, so K Credit is a currency backed by information not valuable metals. Naturally K Credit Network holds immense value for K Corp, the transaction histories are a goldmine for K Corp to optimize financial moves, and its own currency really gives stability even in uncertain times.

Bank of K started out as K Investments, a subsidiary of K Corp, its goal was to invest profit K Corp couldn’t invest back in itself into other companies. This little venture was so successful K Investments shortly became a shadow bank. Later they opened up from strictly in-house business to mutual investment funds that anyone can invest into. Their most popular product was retirement investment funds, which guaranteed pretty good rates. After regularly dealing with huge financial players K Corp was really easy-going about branching out into “small time” commercial banking. It provided very good interest rates on loans for individual clients. In the eyes of K Investments, this was very small-scale operation, with little profit or loss on each individual, not something to worry about. Bank of K shortly became the go-to place for many people who needed money, the bank issued countless loans for citizens of the galaxy, and its network grew rapidly. Bank of K developed into a very profitable wing of the K Corp conglomerate. After dealing with many empires that rose and faded away during the decades, and dealing with their inflationary currencies, at one point Kolby decided to issue its own currency, K Credit. K Credit made everything so much easier and really gave sovereignty to K Corp.

 

[Th'edar Kolbert]

The correct place for this would be the Marketplace, but since I don't have a thread there yet, yes I have a bank on Qina too, so you can definately get a loan from us.