Market Discussions

Hello dear EVE Community. We are a new EVE Bank that wants to start out with savings accounts for anybody that is interested. We thought posting on the forum would be a good way to start generating interest in our bank. We have just started a blog that will be used for future communication: http://fidesbank.blogspot.com

Who are we?
We are three friends from Belgium that met in high school and have been running a trading/manufacturing corporation since oktober 2013. We had some EVE experience a few years ago (around 2010) with PVE and PVP but decided to start over in an industrialist corporation. The main reason for doing this was because a lot of our friends had other succesful industrialist corporations in EVE and we thought it would be fun to play together.

Why start a bank?
After a few weeks in EVE Online when our trading and manufacturing started generating bigger profits and an expansion was in order, we started to realize that the only thing we needed to make more money was money. We talked to our friends in the other industrialist corporations and we realized that this was a problem for them as well. One of our friends even had an internal banking system in his corporation where miners would deposit funds in a savings account. This way he managed to gain an extra 5B ISK that could be used in the 30 running manufacturing lines while paying his members a weekly interest. And this gave us an idea.

After doing some research on banks in EVE Online we were convinced that this could be a really great service if properly executed. Even though every other bank in EVE Online failed or turned out to be a scam, we believe we could maintain this business model because we would use the money ourselves for a long time to expand our manufacturing and trading operations + we could loan this money to our friends in 6 other expanding industrialist corporations. Since we know them in real life we know for a fact that they will not scam us (because we could set their house on fire).

Our banking system right now is very simple. You can open up a savings account and you will receive 2% interest per week (every Sunday). Withdrawals can be made 7 days after your last deposit. Withdrawals will be processed as soon as possible with a maximum 24h delay. A withdrawal will cost 0,5% service tax.

Where will my money go?
First of all we will use your money to expand our own trading and manufacturing operations. When we reach a ceiling for the money we can use we will start loaning it to 6 other corporations of whom we know the CEO and everybody with access to the wallet in real life (so there is no risk of them running away with our/your money).

The bank will always keep 25% of all deposits in cash to make sure we can provide a quick and flexible withdrawal service.

If you would require more information about our banking service, you can contact Mentz Ihnon, Rudy Verboven or Pol Pahineh ingame. We also have a public channel called FidesBank and our blog: http://fidesbank.blogspot.com. On our blog you can read the terms and conditions for our service (but most of it is already explained here).

We sincerely hope that the community will give us a chance.

My best advice i can give : walk away while you still can


Did you btw in your ''checking why previous eve banks fell down'' also check WHO walked off with the isk in those cases?It is not the ones below you and your friends we need to worry about .



Start a new thread and ask for a specified loan amount with a specified duration.That is your only and best bet , though there is a good chance that having started this thread will kill the potential of getting that loan.

Those links have one thing in common ....








I post way too much on eve-o .

Well since the money is used to manufacture and trade by ourselves in the first stages of the bank we can easily turn it into a 10% profit per week (just counting the cash flow, without anything left behind in stocks). Our friends will indeed have an uncollaterized debt to us, which can be compensated for by the fact that we know them very well in real life. Our main business plan is to try to attract people that have money that cannot be directly invested in their trade or manufacturing and thus is "frozen" in their wallet (since the interest we offer isn't enough of course compared to the money you could gain from these activities yourself). As for the actual loan interest that we receive from our friends, it will still be at least 10% per month with weekly payments not to freeze up the cash flow from our bank. This way we can make a slight profit in combination with the small service tax for withdrawals.

I hope that this sort of answers your question. We realize that starting a bank (a business based on trust) is very hard in the EVE universe where trust is hard to come by, but we hope through a decent and flexible withdrawal service people would consider over time. :)

And what would the "small" service tax for withdrawals be? Give me some examples for 100mil, 1bil, 10bil.

The point of the 25% that was kept in the wallet also included stock that could be sold fast and we will of course be covered with our own capital. So we could basically reloan the full amount assuming we can cover the 25% withdrawal mark. As for the fact that you mention that our friends will never default a payment: we are quite sure of this since the loan is payed back in small weekly amounts so after every week our cash flow will improve (and as I said before we know them very well in real life). The profits will also come from our own trading and production as stated before. I realize know that I should have explained this better in my original post but I thought it would be clear what the idea was in terms of keeping a share of the money compared to the amount we could actually loan out so it will not result in losses.

For Ria: the service tax is 0,5%

Thank you for the feedback. I'll take it up with my 2 partners to see how things would turn out without a service tax.

Thank you very much. It will be a long way to go because of the bad history but we're confident that trust will grow over time.

We're basically trying to collect money for 7 corporations (ourselves included) from many different people instead of just one big investor and afterwards distributing this where it can be used productively. But I certainly see your point. We were just hoping that more people would put up small amounts instead of a big investor with a ton of collateral (and these are all industrialists that only have mineral/salvage stocks and low value blueprints that are used in the process so there is nothing that can be put up for the long term as colleteral). As for the simplicity: it's easier for them that we just take care of the business so that they don't have to worry about looking for investors every time they needed money.

Thank you for the advice and the constructive criticism. But operating a bank for us is far more than just profits and investments. It's also a way of how we would like to play our game. We would really like to try and build up a trusted service like this.