The Atlas Bank

[lemmingtopias]

The Atlas Bank allows people to borrow money and to invest. If you would like to borrow money, post how much you wish to borrow. The standard interest rate is 5% per month. Requests are subject to approval.

You can also invest in the Bank in multiples of 100. You will earn 4% Interest per month on all money invested. The Bank will use your investment to lend money to borrowers as well as to invest in the wider economy. The Bank reserves the right to return your Investment at any time.

The Bank operates on a not-for-profit basis and its staff are unpaid. Any surplus will be reinvested into the bank to reduce future interest rates and to offer better financial services.

Outstanding Loans
A Dreamers World - 200 Drachmas - 0 Interest Paid

Investments
Lemmingtopias - 200 Drachmas - 0 Interest Paid
Madrocea - 300 Drachmas - 0 Interest Paid
Commonwealth Central Bank - 1,200 Drachmas - 0 Interest Paid

Business Accounts
Rent a Forum - 1,500 Drachmas in Debit - 0 Interest Paid

Bank Finances

Loans by the Bank: 1,700 Drachmas
Loans to the Bank: 1,700 Drachmas
Interest Earned: 0 Drachmas (earned by the Bank)
Interest Paid: 0 Drachmas (paid to investors)
Investments: 0 Drachmas
Returns: 0
Balance: 0 Drachmas

[adreamersworld]

I'd like to borrow 200 Drachmas.

[The Minister]

May 8, 2019 18:40:43 GMT adreamersworld said:

I'd like to borrow 200 Drachmas.

Your 200 Drachmas has been added to your wallet. You will pay 10% of the amount owed every month. This will be taken from your wallet on the 1st of the month. You can keep the money for as long as you like, but the longer you keep it, the more interest you will repay.

You can request extra money at any time.

[lemmingtopias]

I would like to invest 200 Drachmas.

[The Minister]

May 9, 2019 0:49:15 GMT lemmingtopias said:

I would like to invest 200 Drachmas.

Your investment is accepted. You will earn 7.5% Interest per month, paid on the 1st of the month. You can withdraw your investment at any time.

[Bettisia]

I would like to borrow $100 Drachmas, please.

[madrocea]

I would like to invest 300 drachmas.

[lemmingtopias]

May 9, 2019 12:14:07 GMT Bettisia said:

I would like to borrow $100 Drachmas, please.

Thankyou for your custom. Your funds will be added to your wallet.

[lemmingtopias]

May 17, 2019 5:19:42 GMT madrocea said:

I would like to invest 300 drachmas.

Thankyou for supporting the bank with your investment. The funds will be subtracted from your wallet.

[Bettisia]

Pray allow me to repay my $100 loan.

Thank you for supporting my endeavors.

[lemmingtopias]

May 17, 2019 11:28:51 GMT Bettisia said:

Pray allow me to repay my $100 loan.

Thank you for supporting my endeavors.

Your loan has been collected in full. No interest was charged.

[naruto]

I would like to borrow 1,500 Drachmas from the Atlas Bank.

I know this isn't something that your bank can do in the currently posted rules in the OP post, but I am also aware that the Central Bank is about to require the Atlas Bank to be more open to people who don't play your game and I hope you will consider my request in that light.

[lemmingtopias]

You are correct... the bank is going to change its rules, i'm happy to do that now rather than wait.

I see no reason to deny your request, if you can give me 30 minutes and then you should have that money in your wallet.

[naruto]

Thank-you.

[naruto]

Looks like I also need a business account. My company is called Rent a Forum.