Fides Nazarene Bank of Nouvelle Alexandrie
| Type | Private Banking Corporation |
|---|---|
| Industry | Financial services |
| Founded | 1702 AN |
| Founder(s) | Archbishop Matthias Correa |
| Headquarters | Cárdenas, |
| Key people |
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| Products |
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| Revenue | ▲ 4.7 billion NAX€ (1738 AN) |
| Operating income | ▲ 2.1 billion NAX€ (1738 AN) |
| Net income | ▲ 1.3 billion NAX€ (1738 AN) |
| Total assets | ▲ 82.4 billion NAX€ (1738 AN) |
| Employees | 12,350 (1738 AN) |
| Subsidiaries |
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The Fides Nazarene Bank of Nouvelle Alexandrie (FNBNA), commonly known as Fides Bank, is a major financial institution in the Federation of Nouvelle Alexandrie. Founded in 1702 AN by the Autocephalous Nazarene Church of Alexandria, it serves as both an ecclesiastical bank for church organizations and a retail bank for the general public. Fides Bank combines traditional banking principles with Nazarene ethical guidelines, focusing on sustainable investment, community development, and financial services for religious institutions across the Federation.
Financial performance
As of 1738 AN, Fides Bank reports:
| Financial Metric | Value |
|---|---|
| Total Assets | 82.4 billion NAX€ |
| Annual Revenue | 4.7 billion NAX€ |
| Net Income | 1.3 billion NAX€ |
| Customer Base | 4.2 million individual accounts and 13,500 institutional clients |
Controversies and challenges
Throughout its history, Fides Bank has faced challenges balancing its religious identity with commercial banking practices. Critics from within the church occasionally question whether the bank's growth has compromised its spiritual mission, while some business analysts argue that religious restrictions limit its competitive potential. Furthermore, the bank's unique governance structure has attracted regulatory attention, particularly regarding potential conflicts of interest between ecclesiastical and commercial priorities.
During periods of heightened secularism or when religion-state relations become contentious, the bank has occasionally faced political criticism. Following the Spring Crisis of 1739, questions arose about the bank's connections to military officials implicated in the coup attempt, though investigations found no improper relationships.
