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Commonwealth Bank

🏦
Government Corporation F-24187
❊ EFF 01 Jan 01
Traded CBC ScL ΰΌΆ Est 1642
Headquarters Oslola Commonwealth Bank Head Office
Scale 10 banks
33,500 staff
Read more: The Commonwealth Economy, The Commons
Commonwealth Bank
Government Corporation of Vekllei
Employees 33,500
Founded 1642
Headquarters Oslola
Industry Banking and financial services
Ministry Ministry of Commerce
Parent Commonwealth Treasury
Revenue AK ✾ 82.2 billion
Traded CBC
ScL

The Commonwealth Bank (also Bank of Vekllei) is the central bank and currency store of Vekllei. It is operated by the Ministry of Commerce and maintains branches in all Vekllei republics and in many countries around the world. It is not autonomous and is beholden to the policy decisions of Ministry of Commerce and, in certain cases, the republic and commonwealth parliaments. Its sworn purpose, as instructed by the Floral Constitution, is to advocate for encourage growth and benefit Vekllei people.

The Commonwealth Bank was founded 1642 as the Royal (Imperial) Bank in Oslola, and is the fifth oldest bank in the world.

Most banks in Vekllei are institutional or industrial, since the average Vekllei person is unmoneyed and, in a conventional definition, unbanked. Nonetheless, Vekllei maintains several commercial banks under the Bank of Vekllei umbrella, tasked primarily with:

  • Cashing and underwriting White and Blue bonds.
  • Selling government and financial (bureau) bonds internationally.
  • International placement and borrowing services.
  • Trading, settling and selling foreign currencies.

Vekllei citizens are entitled to an equal share of the money stored in the Labour Bank, and in certain circumstances may withdraw their balance to emigrate or travel abroad.

Despite foreign perception of Vekllei economics, the liquid and asset holdings of the Commonwealth Bank make it the second-largest bank in the world.

Constituents 15 bodies
Atlantic Bank
International investment subsidiary of the Bank of Vekllei, tasked primarily with banking in Commonwealth members and international markets. It has branches across every Commonwealth member-state and in most major economic hubs around the world, including throughout Europe, the Americas, and Asia. It also serves as the Central Bank of the Kalina Isles.
Veletian Import-Export Bank
A state policy investment bank used to fund projects outside of the Commonwealth, particularly in developing countries. It is the primary investment mechanism of Vekllei foreign aid system, which uses export credits and low-interest bureau loans to build infrastructure overseas. It is among the most influential export banks in the world, and contributed to the Pan-African Railway and Hundred Dams projects as part of Vekllei’s ongoing Trade Democracy economic scheme.
Veletian Development Bank
A policy bank designed to organise and allocate funding for large-scale political projects, particularly in infrastructure. The Development Bank works as the engine of the Commonwealth’s policies, funded mostly with White Bonds issued internationally and labour-guaranteed certificates (a type of Blue Bond). It also creates loan arrangements, evaluates, and underwrites national government projects.
Commonwealth Commercial Bank
The commercial infrastructure lending bank of small and medium enterprises and their workers. Its primary function is as a broker in order to facilitate the economic development of private business in Vekllei.
Commonwealth Industrial Bank
The industrial lending bank of industrial bureaus. Similar to its commercial sibling, it facilitates economic activity of bureaus and private industry primarily through asset management and brokerage with industry and government.
Commonwealth Bank Head Office Oslola 9,000
First Commonwealth Bank (Polar Bank) Oslola 3,000
Second Commonwealth Bank (Occidental Bank) Caimanas 3,500
Third Commonwealth Bank (Oriental Bank) Praia 2,500
Commonwealth Bank of the Lucayas Nassau 3,000
Atlantic Bank Kairi 2,500
Veletian Import-Export Bank Oslola 1,500
Veletian Development Bank Oslola 1,500
Commonwealth Commercial Bank Oslola 4,000
Commonwealth Industrial Bank Oslola 3,000

Subsidiary Government Banks

For the purpose of government finance, which comprises a large share of bank’s activity, the Commonwealth maintains several subsidiary government banks: