Euran Trust & Commerce Bank
| Type | Private |
|---|---|
| Industry | Banking and Financial Services |
| Area served | |
| Key people |
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| Products |
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| Revenue | ▲ CON$ 10 billion (1724 AN) |
| Total assets | CON$150 billion (1724 AN) |
| Employees | 8,000 (1724 AN) |
Euran Trust & Commerce Bank (ETCB) was a major banking institution in Constancia, founded in 1700 AN, with a significant focus on financing public-private projects, particularly along the borders of Constancia and Nouvelle Alexandrie following the conclusion of Operation Paramount. Headquartered in Nouradin City, ETCB became a pivotal entity in fostering cross-border economic collaboration and development.
History
Founded in 1700 AN, ETCB initially started as a regional bank in Nouradin City. It grew to prominence by financing projects that leveraged the unique geographical position of Nouradin City, especially post-Operation Paramount. ETCB played a crucial role in the city's transformation into a hub for desalination and water research, facilitating the funding for key infrastructural projects.
Services
ETCB specialized in:
- Project finance, particularly for public-private partnerships between Constancia and Nouvelle Alexandrie.
- Commercial banking services to businesses and individuals in the border region.
- Investment banking, focusing on cross-border investments and joint ventures.
- Facilitating and structuring finance for infrastructure projects, especially in Nouradin City.
Collapse
In the year 1725 AN, ETCB faced significant financial challenges, primarily due to the broader economic downturn in Constancia and Nouvelle Alexandrie, exacerbated by a severe regional drought. The bank's heavy investment in large-scale infrastructure projects, which were under strain due to reduced government spending and private investment, led to liquidity issues. The collapse of ETCB, along with Banco Nacional Aguilar, marked a critical juncture in the 1725 financial crisis, profoundly affecting the economies of both Constancia and Nouvelle Alexandrie.
Restructuring
After its placement under receivership, under the supervision of the Basileusan Bank, a new coalition of investors presented themselves, ready to completely guarantee depositors. Comprising Constancian Legacy Asset Management, Commercial Bank of Shahzamin, the Bank of Molivadia, Oranjesion Private Equity Capital, Goldenhand Trust, and Atacama Corporation, regulatory approvals were soon secured, and ETCB was officially turned over to their ownership on 2.X.1726, with guarantees that ETCB would resume consumer operations by second quarter of 1727.
Board of Directors
Vice Chairman: The Prince Iñigo
