The First Mega Game International Bank

[cleveland]

In the spirit of capitalism, I'd like to announce the opening of the Second Mega Game International Bank

Any free-market capitalist knows that without competition, you the consumer will be screwed by the large banks.

This bank, hereby known as Eriu Trust, will give the nations of Kingmaker a choice, and force the loan interest rates low.

Loans will be administered on a collateral-only basis (i.e. you hand over a Fire Brand until your loan is repaid). PM requests to me.

Outstanding debts will be listed on this post; any parties interested in purchasing outstanding debts can also PM me.

I will update this post as the interest rate changes. Let's see where the free market will take us...
[b]Current Loan Interest Rate: 6% per turn[b]

[Darkwind]

If all the banks will be in one thread, I would like to announce the third bank--the Bank of Ulm.

We do not pretend to be the same as the other banks. Any nation may use the BoU--no nation, not even an enemy of Ulm, is blacklisted. Any nation may sign up to contribute to the BoU funds, which will be carefully recorded by Ulm itself. Ulm also offers one thing the others do not--a gem store. Nations may take loaned gems from the BoU at a 10%, non-compounded interest rate, rounded up, for gem loans of less than 10 gems. 10-40 gem loans are a 5% interest rate. Gem loans of 40-100 are 2.5%. Finally, 100+ loans are 1%. Gold may be loaned at a 2%, compounded rate. One may even dip into the stores of Ulm itself--at 3x the interest, of course. All debts of 750+ gold or 65+ gems will be posted in the Bank thread.

Finally, for those not interested in other options, the Bank of Ulm may open up an item branch, handled only by the most trustworhy nations. Remember--search for diversity, search for a cheap option, search for Ulm!

Also, in order to entice funds, the Bank of Ulm will provide a 1% interest on all deposits into the Bank. After 12 turns, deposits may be taken back out; no less than one year.

[Meglobob]

I am already worried about the, 'credit crunch'

[DonCorazon]

I am going with whoever won't charge me to use their ATMs.

[Darkwind]

The Bank of Ulm needs no ATMs--in an incredible breakthrough, the Bank has interfaced with Astral strands and is now available wherever there is a lab! This makes the BoU both the easiest to access and cheapest to use bank!

Unless, of course, you don't pay back your loan, in which case thugs will come to your door at midnight and steal you away to Bank HQ.

[Zenzei]

While this idea is nice in theory I'm not so sure I like it in practice. Mostly because it potentially adds a totally unneeded level of complexity to the game and smells a bit like pre-game alliance between the bank nations.

[hunt11]

this may be a stupid question but what is this, and what will this actually do

[Darkwind]

this may be a stupid question but what is this, and what will this actually do

I'll see if I can explain this correctly. "Banks" are essentially deposits of funds. One can take out funds at interest, and must eventually pay back the funds. Some banks(ie, me) have taken it a bit further and are applying it to other areas (Next branch of BoU: the Global Spell Branch!). Of course, there's going to be enforcement so no one can game any systems. And it's still a bit unclear on where the interest goes in each individual bank (I know I'll either take all the interest for myself or split it half-and-half with the bank funds).

Basically, you're trusting people not to take all the banks money and never use any, and people are trusting you not to just absorb all the funds they give you.

While this idea is nice in theory I'm not so sure I like it in practice. Mostly because it potentially adds a totally unneeded level of complexity to the game and smells a bit like pre-game alliance between the bank nations.

How is this complex? "Give bank funds, bank loans funds, funds are paid back with interest, wash, repeat" (at least for the BoU). Though I do see what you mean about pre-game alliances; perhaps we should wait for signing up until the game starts?

[cupido2]

Is there opening an insurance company? I'd like to insure my labs against fire, my temples against earthquakes, my troops against damages of my routing MA Caelum mammuts and my provinces against unfriendly take-overs. Please pm me your offers.