| Pages: 1 2 [3] :: one page |
|
|
| Author |
Topic |
Lo Lightshard
Insurrection Inc
    |
Posted - 2008.04.24 02:56:00 -
[61]
 Originally by: EBANK Ricdic
Originally by: Lo Lightshard
Originally by: Mr Horizontal
You will now see your original investment + 7.5% in your accounts.
Not me. I see the bond but no cash?
As per this thread here you purchased from bond #1 which hasn't yet reached maturity. It reaches maturity on 31/04 so yours is almost ready to be paid.
Cheers
[IMA6E REMOVED] |
Skyslider
Gallente
Omerta Syndicate
|
Posted - 2008.04.24 07:00:00 -
[62]
Since I complained (well, more of inquired) here, only fair to mention that everything is sorted out. I have my grubby little paws on my bond payout. Thanks Hexxx, and the rest of the EBank crew.
|
Hexxx
Minmatar
|
Posted - 2008.05.15 18:51:00 -
[63]
Milestone Reached and Update on Reporting - May 15th, 2008
First, a milestone...
Total Deposits: 1,048,223,269,578.17
Total Withdrawals: 431,452,779,699.19
Secondly, we'll be publishing a report on our profits for the previous month soon. Delays have been on my end, as some may have noticed I disappeared for a few weeks. I had some work/life stuff to deal with. The new report is going to be focused on being a bit more simple and easy to read.
Third, the EBANK Insider will move to a quarterly release. We're also looking at the format again. We have alot of news including new additions to our staff, new forums (very shiney), and updates on EBANK's general growth.
Please visit http://www.eve-bank.net/for all the latest EBANK news and advisories.
Director | www.eve-bank.net
|
Block Ukx
KDM Corp
Firmus Ixion
|
Posted - 2008.05.15 19:32:00 -
[64]
Congrats!
Have you given more thought to monetary policy? For instance, are there any plans to change interest rates to accommodate for the decaying market, or will interest rates remain fixed independent of the economy?
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Hexxx
Minmatar
|
Posted - 2008.05.15 19:46:00 -
[65]
Originally by: Block Ukx
Congrats!
Have you given more thought to monetary policy? For instance, are there any plans to change interest rates to accommodate for the decaying market, or will interest rates remain fixed independent of the economy?
Oh, tons, trust me.
Right now that front has been quiet as I've been a big driver of that disucssion and I was gone for a bit. I would say that the discussion of monetary policy is fermenting for the moment.
I can tell you that I raised the idea of tieing interest rates to economic performance (of the broader market). There was MUCH discussion around it. There are also problems around it as well; angering customers, measuring economic activity reliably, educating people on how rates are determined, causing confusion, etc.
For now, interest rates remain fixed, although we have suspended opening new savings accounts (3% accounts) untill our loan portfolio grows more. I supposed you could say this is in response to the economy.
As always, I offer my opinion on this which may at times be counter to the Board. I may be the Chairman, but I'm not a Dictator, and the will of the Board of Directors can and does steamroll over my speculation at times.
Director | www.eve-bank.net
|
EBANK Ricdic
Eve-Tech Savings n Loans
|
Posted - 2008.05.15 19:51:00 -
[66]
The declining secondary market doesn't just affect investors. It's also affecting EBANK at the same time. We have far less requests for loans than prior months and for far smaller amounts. This has meant utilising isk in other fashions (such as speculatory spending, station trading and fund managers etc), and for our new customers it has meant only the 1.5% interest rate savings accounts are available until we can effectively utilise enough isk to be comfortable raising it.
Basically we have more money than we need, so the reduced interest rate account definetly ensures our repayments aren't as hard to obtain (currently we are having no problems paying interest on all accounts with approx 10b profit per month going into EBANK's coffers and being directly reinvested into the corp).
It's kinda lose lose for us. Look at these scenarios:
1) We raise loan interest rates to match those of Fury and BMBE : We get far less loan applicants however it's possible a couple of new IPO's might pop up (whether they sell is another story). So we lose potential profits due to losing loan customers.
2) We lower interest rates: We have basically done this, not lowered them but used our old phased approach where we limit the high interest accounts until we are comfortable we can facilitate them.
Now the win/win scenarios would probably be as follows:
1) A few large IPO's open up. Some of the EBANK cusotmers withdraw their funds and deposit in the IPO. Means we reduce our isk on hand without needing to facilitate loans. Plus at the same time it complements the secondary market.
2) A few large "Quality" IPO's open up. Same deal above however we also reduce our isk on hand by investing in said IPO (similar to the Proton Power one).
So we are definetly still well into the green but I don't like having so much idle isk sitting around not being utilised. I don't believe in "throwing all your eggs into one basket" so I won't be planning some mass manipulation scheme's, we keep fairly safe with customers isk. We lose a bit to loan defaults each month but we earn a lot more and forge some good relationships with our customerbase and loanee's.
Based on what I said above, it's interesting to note that our checking accounts (1.5% interest) have a whopping 95 billion isk deposited in them. I think it really shows the demand the public has for some good solid ventures to put their isk. Obviously EBANK is pretty rock solid but I really do hope we begin to see other ventures over time see the benchmark we have created (board of director's, integrated designs etc) and see if they can emulate areas to try and ensure shareholder/customer comfort in their services.
It should also be noted that we currently have no bonds active nor do we plan to activate any for the time being for basically the above-mentioned reasons (we don't need big influxes of isk) and plus right now we are getting the cheapest isk available at 1.5% per month (slightly above if counting compound).
Thought the public should get a cookie 
 |
Hexxx
Minmatar
|
Posted - 2008.05.15 20:41:00 -
[67]
Just to echo what Ricdic said, and I apologize in advance for the slightly off-topic comments...
I would really like to see someone, or a group of someones, come up with a venture that meets or exceeds the standard that I believe EBANK has created.
There is a very short list of projects that have come close to the organizational model that EBANK uses and while I'm not sure exactly why that is...having participated in it has convinced me that it's not impossible, just a bit tricky. Takes patience and a bit of dedication but the payoff is extremely worth it.
Now, there are projects that I believe are more successful in a variety of areas (take FuryBank's amazing interest rates for example, which I doubt we will ever even come close to) but it terms of sustainability I think EBANK is well positioned.
At any rate, I'll wrap this up with reminding people that my offer for free verbal advice and idea bouncing is always on the table. I don't do in-depth consulting anymore, but you can reach me at dave.carter@gmail.com if you'd like to ask me for my opinion on anything.
Director | www.eve-bank.net
|
Kazzac Elentria
|
Posted - 2008.05.15 21:03:00 -
[68]
I had the idea about attempting to run a public funded trading and futures corporation even to the point of having individual fund accounts and have specialized brokers handling those accounts. Even investor would choose how much of their portion they want invested in each account and would get varying returns (or negative returns if the market slumps)
But I lack the time required for such a daunting task
Partnering with Ebank in such a venture could be the thing that could drive percentage returns up |
Hexxx
Minmatar
|
Posted - 2008.05.15 21:16:00 -
[69]
Originally by: Kazzac Elentria
I had the idea about attempting to run a public funded trading and futures corporation even to the point of having individual fund accounts and have specialized brokers handling those accounts. Even investor would choose how much of their portion they want invested in each account and would get varying returns (or negative returns if the market slumps)
But I lack the time required for such a daunting task
Partnering with Ebank in such a venture could be the thing that could drive percentage returns up
I think one of the major barriers to entry is that, increasingly, it's more obvious that a "one man show" is a difficult thing to pull off. Staying within the example here; it would be nearly impossible to run EBANK with a single person.
I think that more thought should be given to grouping with a few people in order to launch different ventures. Also, while profit is a good motivator, it doesn't motivate everyone.
Here are some principles that may help people approach group-based IPO's or ventures:
1) Have a Board of Directors to provide advice, offer opinions, etc. This does not have to be large, 3 people would be plenty.
2) Recognize that one or two people are going to be doing the "core" work of making a profit. That's just what they do. The other people involved should support the structure of the IPO by handeling other areas like reporting, long term planning, investigating other ways to make money, attracting new people to assist, support, or engage in the "core" work.
3) Not everyone works for money. Some people do. Be honest and clear about what motivates you....be honest in asking what motivates people on your "team". Make sure they're honest in return.
4) Consistency and sustainability can trump returns.
5) Burn out is the greatest evil.
6) Make sure that when (not if) you do burn out, your absence will not destroy your IPO/venture.
Director | www.eve-bank.net
|
Cergorach
Amarr
The Helix Foundation
|
Posted - 2008.05.16 17:41:00 -
[70]
I don't know if this is the right thread for this kind of question, BUT:
Will there be some sort of E-Bank API? If so, what's the planned feature set and time of implementation? If not, why not?
I'm looking for the ability to create transactions between my own accounts and the accounts of other players. I'm also interested in the ability to read out my accounts (maybe once an hour, just like the current EVE API).
|
|
Mr Horizontal
Gallente
KIA Corp
KIA Alliance
|
Posted - 2008.05.16 18:30:00 -
[71]
Originally by: Cergorach
Will there be some sort of E-Bank API? If so, what's the planned feature set and time of implementation?
Yes, and when I get round to it 
First item on the agenda, however, is the exchange.
Originally by: Cergorach
I'm also interested in the ability to read out my accounts (maybe once an hour, just like the current EVE API).
This however won't happen. But we have considered creating some sort of statement you can download / get emailed to you.
Director | www.eve-bank.net |
Riethe
Fine Goods for Fine Gentlemen
|
Posted - 2008.05.16 18:41:00 -
[72]
Real quick:
Are you saying if you put all the money from EBANK on one character, it would say
>1,000,000,000,000 ISK?
Or what
|
EBANK Ricdic
Eve-Tech Savings n Loans
|
Posted - 2008.05.16 19:15:00 -
[73]
Originally by: Riethe
Real quick:
Are you saying if you put all the money from EBANK on one character, it would say
>1,000,000,000,000 ISK?
Or what
Well assuming we didn't split cash, put funds into subsidiary funds, loan officers, bank tellers, corporate wallets, locked down assets nor issue any loans nor action any withdrawals for 6 months.
The epeen announcement was just that 1 trillion isk has filtered through EBANK in deposits and withdrawals. So roughly 550b in account balances right now with another 500b or so in withdrawals to date. (didn't get exact numbers)
|
|
| Pages: 1 2 [3] :: one page |
| First page | Previous page | Next page | Last page |