The Bank of Yohannes—NationStates' Oldest Bank RP

Posts · by **Yohannes** » Sat Nov 17, 2018 4:52 am

Copyright: © Library of Parliament, 2018. This work is licensed under the Creative Commons Attribution 4.0 NationStates licence. You are free to copy, distribute and adapt the work, as long as you attribute the work to the Library of Parliament and abide by the other licence terms.

Contents
Note from Claudia
Economy of the Realm of Yohannes
Economic situation beyond the International Incidents
Explicit target inflation rate
Imperial Cash Rate and the Economic Palace
Exchange rates
Interindustry outlook
Topic of the Year — Election bribes and lolly scrambles
Analysis and Forecasts

December, 2018
The Year of our Lord Maxtopia
Last Month of the Year
Economic Review

Note from Claudia

Welcome to our Last Month of the Year Economic Review for 2018

My trailblazing economist nana once told me that it is a wee bit easier to forecast the weather than to forecast the economy. A meteorologist can always check the morning sky from an upstairs window. However, an economist cannot do the same, because they must wait for the most up-to-date data on the state of the economy.

Looking ahead to the start of the December 2018 quarter and the year 2019, we can see that the drivers of demand will be mixed. Following the presidential election of Marion Maréchal-Le Men in January and, subsequently, the resurgence of the protectionist Greens, we had warned the market that the government would adopt a “Yohannes First” economic policy inspired by the Nifonese Shogun Maki Kojiro’s policies, and because of that, measures such as the unilateral currency intervention will follow. The Quertz russling will then depreciate and import prices for things such as petrol and diesel on the Yohannesian continent will rise. Today, they all have come to pass.

Excessive immigration has been slashed since the GOP took the Electoral College, and as a consequence the housing market has cooled. The manufacturing export economy has grown—although only slightly—because of the introduction of new programmes such as “Marioncare” and the Infrastructure of Nation-State Significance, things that Marion Maréchal-Le Men said “have been implemented to combat the influence of international neoliberal corruption in Yohannes and to take back our nation for our people to build much-needed infrastructure for our future children.” They give us hints that a mix of stimulatory government spending and the correction of the Quertz russling to its “rightful place” will result in slightly favourable terms of trade for small and medium-sized exporters in the Nineteen Countries come 2019.

On the supply side, the economy is starting to feel the after-effects of the government’s “Yohannes First” policy. Companies are starting to struggle to find workers. The Export education industry is now struggling to fill seats. The recent focus on “quality not quantity” has resulted in less net migration from “uncivilised” countries.

The decision of the United States of America’s Federal Reserve System under the 45th President Donald Trump to hike the discount rate^{[Note 1]} could possibly result in the United States Federal Government paying higher rate for their 10-year bond relative to many governments—including the Nineteen Countries government. This is something unprecedented. This could prevent the government from keeping the Quertz russling low vis-à-vis the Universal Standard Dollar, which was one of the main goals of the currency intervention.

Throughout 2018, we have seen many Yohannesian politicians—surprisingly, including politicians from the Christian Democratic Party—offering free lollies by using stimulatory spending schemes and proverbial handouts inside the Beltway. No doubt, we will see more of this carrot dangling approach to politics once the 116th Parliament has been formed February next year, as this year’s Last Month of the Year Economic Review’s Topic of the Year attempts to show.

Claudia—Intern, Macroeconomic Research and Advisory

Note 1: Out-of-Character (OOC) information, based on real-life event, i.e. the Federal Reserve actually hiking rate.

1 • Last Month of the Year Economic Review • December 2018

Posts · by **Yohannes** » Sat Nov 17, 2018 6:32 pm

_________________________________________________________

Economy of the Realm of Yohannes
_________________________________________________________

Departure from the 2017 days

Gross domestic product 2018
Annual GDP growth at current market prices
Expenditure method
$461.622 billion
Per capita growth
$210

Source: World Microcredit Foundation.
The economic interventionism that we have predicted since the electoral victory of Marion Maréchal-Le Men at the beginning of this year is set in train, with sharp departure from the deregulation and competitive market ideas that were embraced during the days of Garnet til Alexandros in 2016 and 2017. Looking ahead, the “collaboration years” — where Chancellor Annabelle Thorndon-Stevensonn must work together with GOP’s Marion Maréchal-Le Men — will likely produce less growth than the Christian Democratic Party’s government trifecta period (2014-2017), with the economy moving to a more stable long-term footing. There are signs that large-scale fiscal spending programmes will be tabled through the incoming 116th Parliament’s debating chamber for much of 2019, and that big policy changes in the wind will likely lower foreign business confidence vis-à-vis the Nineteen Countries’ investment freedom.

The Bank of Yohannes Investment Outlook has the economy of the Realm of Yohannes expanding by 2.9 per cent and 0.5 per cent on a per capita basis over the year ending December 2018. Rising agricultural commodity exports and consumer electronics investment spending growth are forecast to counterbalance falling growth in household final consumption expenditure and lower foreign investment in fixed capital. Economic growth is then forecast to lose its momentum from the 2016-2017 years and to ease in activities over the following two years. Reflected by lower growth, the Nineteen Countries economy has already shown signs that it is slowly reaching its full potential after the initial recovery period (2014-2016) which succeeded the Gholgoth crisis years of 2011-2013.

High annual net migration is finally starting to unravel, eliminating one easy source of growth for large firms since 2015. House prices in large conurbations across the continent have dropped by an average of 1.7 per cent as market cools following the imposition of foreign capital gains tax, which has been directed mainly against large-scale overseas property investors. The “Marioncare” Green Industry plans and the Infrastructure of Nation-state Significance programme have been set in motion, and is expected to make their presence felt fully by 2020. Growth in the industrial tools and equipment as well as optics and photonics components industries have been constrained due to industry-skilled labour shortage and lack of access to finance.

Finally, the Chambers of Industry and Commerce Yohannes has forecast that this constraint will extend to the construction sector by the second quarter of fiscal 2019 due to the height of activity of the housing developments and state building programmes that have been promised since the third quarter of fiscal 2017.

Yes we can

Source: Bank of Yohannes Economics Team.^{[Full resolution]}
One of the most important factors driving this lower foreign business confidence in the Nineteen Countries economy in 2018 has been the mix of stimulatory government policy. The post-January Thirty-sixth Christian Democratic Executive Council — reined by the newly elected 18th Yohannesian Emperor Marion Maréchal-Le Men — will ultimately carry out their 2017 budget reform promise with the long-awaited arrival of its 2.51 trillion NSD in total for new operating spending to modernise the Nineteen Countries’ industrial and public infrastructure (e.g. roads, railways, schools) over the next ten years.

The Bank of Yohannes Investment Outlook has forecast that this large increase in infrastructure rebuilding activity and fiscal expenditure will start to boost activity in subsidised sectors of the economy from the first fiscal period of 2019. The pieces of the puzzle will, however, only fall into place once household spending has increased from higher incomes, and this will be the weakest link in the executive council’s more funding, faster economic growth mantra of “yes we can.”

However, the resurgence of the Green Party, and the fiscally conservative Christian Democratic Party-led executive council’s growing dependence on them for confidence-and-supply support, will surely result in the creation of new changes in industry relations statutory and regulatory mechanisms come 2019, and these would undoubtedly target such vulnerable sectors of the economy as the steel and heavy manufacturing industries for employers as well as the property market for foreign investors. The official statistics suggest that the centre of attention come 2019 will be on the 2019 March fiscal quarter consumer price index (CPI) estimates next week.

The latest Bank of Yohannes Economics Team’s inflation forecasts expect a slight upward swing by 0.3 per cent to accompany the growth outlook come 2019. Projections of slightly stronger household and executive council fiscal spending next year will drive much of this change, which will raise yearly inflation to 1.9 per cent — that is, 0.4 per cent above the Economic Palace’s earlier inflation outlook in its November 2017 forecasts for government finances and the economy. The currency intervention has evidently brought about higher than expected changes in prices of consumer goods and services for households. The Office of Economic Analysis and Forecast notes that it has not taken into account the higher fuel prices caused by developments in conflict-ridden areas beyond the International Incidents such as Basran and Khataiy. Higher inflation is thus expected in our projections.

The executive council’s decision to oversee the depreciation of the Quertz russling has also been one important cause behind this higher than expected inflation. This could possibly result in the failure of the Economic Palace to contain inflation within its original explicit target inflation rate for 2018, i.e. within the 1 to 2 per cent range to go alongside the previous year’s 1 to 2.5 per cent range. For this reason, the Bank of Yohannes Economics and Markets Research team believes that we will see an official hike in Imperial Cash Rate (ICR) by the start of June 2019 quarter.

2 • Last Month of the Year Economic Review • December 2018

Posts · by **Yohannes** » Thu Nov 22, 2018 7:57 am

Lower earnings expectations

Source: Economic and Demographics Statistics
Yohannes.^{[Full resolution]}
The Realm of Yohannes is set to earn less from the exchange of capital, goods, and services across the borders of nation-states beyond the International Incidents in 2019 due to rising trade tensions. Whilst Marion Maréchal-Le Men’s currency intervention gamble means that terms of trade have reached an all-time high this year, these price gains have not been spread evenly. Commodity and services exporters have suffered, whilst the uptick registered by manufacturing exporters has barely made up for these commodity and services export losses. Following robust growth in the Christian Democratic government trifecta period (2014-2017), annual growth in household spending is expected to ease to 2.5 percent by February 2019. Although the growing labour market in 2019 will still support household income and spending, there will be counterbalancing forces due to smaller net migration rate. This means slowing growth in population.

The October Consumer Confidence survey showed that businesses believe there will be some headwinds for export prices in 2019. Crude petroleum and other commodity prices such as standardised agriculture (e.g. bovine meat) as well as mechanical machinery and equipment will continue to rise with the depreciation of the Quertz russling — they will harm Yohannesian importers and consumers alike. A weakening Quertz russling will, however, increase export returns, which could possibly allow the citizen sector economy to grow with less debt requirement. This means a slight increase in household disposable income and savings will likely happen, and they will give the executive council some leeway in terms of current account balance. The Thirty-sixth Christian Democratic Executive Council’s relatively stable current account surpluses since 2016 mean that our overseas borrowing obligations have fallen since 2014.

BOY business sentiment studies
(for the next two quarters)
December 2018
March 2019
Will have more workers
(per cent)
30.1
29.7
More people will lose jobs
(per cent)
33.5
36.9

Source: Bank of Yohannes.
The value of Yohannesian assets and investments minus what the Nineteen Countries owes to nation-states beyond the International Incidents — its net foreign asset position — was 29,173 billion NSD (183.1 per cent of GDP) on 31 October 2018. The value of the Realm of Yohannes’ assets and investments in nation-states beyond the International Incidents went down by 1,372 billion NSD to 107,374 billion NSD (674.5 per cent of GDP) on 31 October 2018, whilst its liabilities — what it owes to nation-states beyond the International Incidents — widened by 1,059 billion NSD to reach 78,201 billion NSD (491.3 per cent of GDP).

The current account surplus fell to 745 billion NSD in the 2018 calendar year, compared with a surplus of 753 billion NSD in the 2017 calendar year. This was due to a general contraction in exports along with widening imports despite higher commodity prices. To a limited extent, countervailing these losses was a 94 billion NSD increase in the foreign income deficit, as investors from overseas received more income on their investments on the Yohannesian continent. This increases foreign business attraction and investment in the Nineteen Countries.

Yearly comparison
November 2017
November 2018
Whole time equivalent
average weekly earnings
(after tax deduction)
$910.07
$979.71
Employment Cost Index movement
+1.4
+2.5

Source: Office of Economic Analysis and Forecast.
The amount of imports that the Nineteen Countries can afford to purchase with its exports is expected to narrow from this fiscal year and fall further from previous high recorded in September 2017. In this seasonally adjusted annual forecast the ratio of import-export for 2019 is expected to grow by an average monthly rate of just 0.9 per cent in comparison to this year’s 1.2 per cent, which will make it the lowest recorded monthly increase in import-export prices ratio since the 2014 March fiscal quarter.

Similar to last year, worrying outlook in certain overseas regions in the face of increasing aggression and gunboat diplomacy by military organisations such as SACTO has led to slightly lower semiconductor and electronic component manufacturing prices for the Nineteen Countries. Merkel Rothsdad Equal Weight Commodity Index has surprisingly shown a downward trend of 0.1 per cent for the first two weeks of December so far. Continental Dry Index has also narrowed to reflect rising operating costs of fuel, crews and vessels, and slightly lower demand for parts for vessels (civilian and military) and rising prices for petroleum products and crude petroleum on the Yohannesian continent.

The Economic Palace and Chambers of Industry and Commerce Yohannes expect that foreign business uncertainty and lower confidence surrounding the developing mix of economic activity since January 2018 and related “nationalist-themed” subsidy programmes that will be tabled through the chamber of the incoming 116th Parliament will result in a further gradual decline in the nation’s balance sheet next year.

For young home buyers

The Central Provident Fund’s “FutureSaver” is the 2017 executive council scheme to fix the Nineteen Countries housing crisis in Greater Halsten and now in all major conurbations across the Yohannesian continent. The goal has been to spend 380 billion NSD and build 19 million leafy suburban homes for young middle income and working class Yohannesian families in eight years, of which 10 million will be in the nation’s three most populated regional authorities: the Noble Treno Regional Authority, Royal Alexandria Regional Council, and the Greater Halsten Authority.

Source: Property Valuations Limited & Nineteen
Countries Department of Housing, Rates and
Valuation.^{[Full resolution]}
Home ownership rates in the Nineteen Countries peaked at 76 per cent of the whole population in 1987 and have since reduced to the current rate of 66 per cent — that is, of 132 million households in the Nineteen Countries, 87.6 million own the dwelling they occupy, whilst the rest are renters. It has been quite a big change in just 31 years and one of the contributing factors which created this change has been a marked reduction in borrowing costs from 10.5 per cent just before the turn of the century to a low of four per cent today.

Political pundits and property market commenters have said that this reflects a situation where home buying has been a more affordable exercise for a homeowner, whilst most economists believe this to be a case where asset prices have ballooned. With tax free gains — until this year — such a situation has made property investment the favourite, less-complicated way of easy investing for established baby boomer “mum and dad” and foreign property investors alike, and one that can grow quickly through clever and timely leverage. This has placed first homebuyer having to try and save cash from their wage to get a deposit at a massive disadvantage in the property market.

Since its introduction last year, Central Provident Fund’s “FutureSaver” has been a massive injection into the market, both as a positive and a negative. But most economists in the Nineteen Countries agree that it has helped lift up homeownership rate on the Yohannesian continent. It has allowed more citizens and permanent residents of the Nineteen Countries to buy their first home; in fact, the Economic Palace’s figures have shown that they make up just above 10 per cent of all purchases by Quertz russling volume.

Anecdotally, lobbyists inside the beltway believe they make up 20 per cent of actual buyers on a property number basis. The negative is they do help push prices up; often suburbs that have previously been quite stable all of a sudden spike heavily up to the 500,000 NSD purchase price. Four of Royal Alexandria’s seven most affordable suburbs in 2016, for instance, have been pushed up gradually to now sit at the 500,000 NSD mark whilst the last three are on their way, with many three bedroom homes in these three suburbs already pushing the mid 400,000 NSD mark.

Bank of Yohannes Economics and Markets
Research.^{[Full resolution]}
FutureSaver has and will have some fundamental problems. We have seen this recently with an apartment block below the 40 m² threshold being put for a bank to lend on. Minister of Transport and Logistics Soong Chu-Yu did his best to make it look like it was a minor oversight, but beehive secretaries inside the beltway could see his embarrassment, and they knew there were some heads rolling behind the scenes. The Bank of Yohannes Economics and Markets Research team notes an issue which we believe has proven that the FutureSaver rollout in 2018 has been done prematurely.

The September Commerce Credit Institute Banking Group-Rasmussen Politico Consumer Confidence Survey showed that only one-fifth of banks operating on the Yohannesian continent which are registered as FutureSaver providers would accept an apartment at 40 m²; the great majority of banks would only accept 50 m² as a minimum size for a one-bedroom apartment. If it is less, they are considered as “non-standard apartments”, and would therefore require a 50 per cent FutureSaver deposit. This seems to fly in the face of making these homes affordable, which has to an extent made a mockery of the executive council’s promise to “make homes affordable for young mum and dad families.”

For Yohannesian and Nineteen Countries-based foreign borrowers and investors with a deposit of 20 per cent or more, the best option is still three-year or shorter rate fixed terms. Looking ahead, five-year rates are inflated relative to where we think short-term rates should go come 2020. The market has seen a gradual decline in deposit and lending rates. This means that there could possibly be a further decline in fixed-term rates in 2019. Short-term fixed rates are still the ideal option for most middle income borrowers, but floating rates may be favoured by some more secured borrowers who would rather opt for payment plan flexibility over costs.

3 • Last Month of the Year Economic Review • December 2018

Posts · by **Yohannes** » Tue Feb 05, 2019 4:41 am

Uncertain times for shipping

Over the seven-year period ending fiscal 2025, the average carrying capacity of international container ships visiting the Nineteen Countries is expected to increase from 5,000 to as much as 8,000 twenty-foot equivalent units by 2025. We could also see more incoming ships from up to 10,000 TEUs with a small possibility of ships with 14,500 TEUs visiting southern Yohannesian ports if new upgrade of infrastructure is to be seen. However, we could not yet predict the net impact of this development on the costs of doing imports and exports for Yohannesian enterprises: lower international shipping costs could be counterbalanced by more expensive domestic transportation to bring products to and from ports in the Nineteen Countries.

Source: Economic and Demographics Statistics
Yohannes.^{[Full resolution]}
Over the longer term, this increase in size is being caused by a trend for more efficient ships — similar to the movements seen in the aircraft industry — and growth in the exchange of goods between nation-states beyond the International Incidents. In the short-to medium-term, the gradual increase in ship size visiting the Nineteen Countries is also being caused by industry mismatch between shipping supply and demand, with both the aggressive rise of SACTO and the recent wave of international incidents largely not affecting capacity but reducing demand.

In the 2019 calendar year, competition and choice should stay reasonable within suppliers’ expectation. Concerns that ship size growth will leave the Realm of Yohannes reliant on just a handful of ship visits a week seem uncalled for, for even as ship size increases, the number of incoming ships per week is still most likely to rise — to be driven by growth in containerisation innovation and merchandise trade. This would be welcome news for Yohannesian exporters and importers, as competition would be driven more to make sure that prices will not rise.

In spite of the fact that port infrastructure will need to accommodate larger ships to prepare for more exchanges per visit in future, it would not be sensible for all ports to expand or upgrade infrastructure for larger ships. Ships may well dock at fewer ports per visit to Yohannes, whilst the number of container exchanges per ship visit and per port visit will rise. Shipping lines will be looking to minimise the time spent in port, so better crane facilities — more, larger, and faster — will be required in ports that service and welcome larger ships to allow for better turnaround time.

The net effect on freight costs for Yohannesian small and medium-sized enterprises is still unknown. More larger ships would bring down costs for every container carried by a substantial margin — however, if fewer ports on the Yohannesian continent will be served by these ships, then a lot of cargoes will need to be transported by road, rail or coastal shipping within the Nineteen Countries itself. Transport costs for enterprises located outside the major trading centres of the continent could slightly rise, however, if this is done without reasonable economy of means. Conversely, smaller international shipping costs would benefit enterprises located in or near major trading centres of the continent.

And labour in Yohannes

The Nineteen Countries’ unemployment rate is forecast to reach a six-year low of 3.4 per cent by the end of December 2018 quarter, down from 4 per cent in December last year — with 279,275 less people unemployed since September in seasonally adjusted terms. The reason behind this change is twofold: First, employment grew by a monthly average of 0.3 per cent, but it was then overtaken by faster labour force participation growth due to the long-term effects of high net migration since 2015, which had only been reduced by the second quarter of fiscal 2018.

In the year ending November 2018, whole time equivalent average weekly earnings after tax deduction increased by 69.64 NSD, with most of this increase felt by production workers (manufacturing). In light of the Executive Council’s Infrastructure of Nation State Significance Programme, the construction and transportation industries also recorded notable employment growth. Looking ahead to the 2019 March quarter, we are expecting unemployment to rise by 0.2 per cent, driven by easing full-time employment numbers and lower part-time employment growth. This reflects the market’s lagged response to the lower GDP growth registered since the election of Marion Maréchal-Le Men in January and, subsequently, the start of the “collaboration years” inside the beltway.

One of the big policy changes that have been promised by Marion Maréchal-Le Men’s GOP for 2019 is the bipartisan compromise to gradually increase mandated hourly minimum wage nationwide from 10.50 NSD to 11.25 NSD by March 2019, and eventually 13.50 NSD by 2022 — the year of parliament’s next general election. Although this will affect consumer price index (CPI) inflation to a certain extent, it is understood that its effects will be felt mostly by small businesses in a phenomenon known as the “ripple effect”, which would increase price and wage expectations to an unsustainable level and further lower struggling small businesses’ already tight margin.

Consequently, business confidence in the Nineteen Countries has fallen to its lowest level since the Empire of Automagfreek was condemned by the World Assembly in 2012, as firms are feeling anxious about the GOP’s plans, further cuts in net migration, higher operating costs and lower demand, as well as stricter World Assembly health and safety regulations. For instance, the Chambers of Industry and Commerce Yohannes has forecast that 276,705 jobs would be lost for every 0.75-cent increase in mandated minimum wage at the imperial level. This may also partly explain why the November employment cost index (ECI) movement had registered its highest increase since 2010.

On the supply side, Marion Maréchal-Le Men’s GOP has won its share of bipartisan compromise in areas such as collective wage bargaining between firms and unions, CPI-adjusted equity pay or work of equal value agreements (i.e. employers’ obligation to pay workers in female-dominated field at the same value as male-dominated field) for nurses and teachers, and the standardisation of minimum wages and working conditions across previously untouched industries (e.g. sex workers’ protection). All of this will further increase the costs of doing business and will have an effect on long-term inflation. However, it has to be noted that these changes will only be reflected in our forecasts after 2020 — the Thirty-sixth Christian Democratic Executive Council has not released its select committee white paper since March, and we are projecting that it will take at least one year for related inter-party negotiations to be concluded.

We can fairly predict that the Executive Council’s plan to gradually increase minimum wage will boost wage growth, especially for highly publicised public sector jobs (e.g. district board nursing, early education teaching). Therefore, wage increases and its ripple effects will be an important cause of wage inflation in 2020. Looking ahead, we have upgraded our inflation forecasts for the next three years.

4 • Last Month of the Year Economic Review • December 2018

by **Shiruku** » Sun Apr 07, 2019 12:19 pm

Application Form [Branch Opening]
Nation: Shiruku
Type of government: Socalist Democracy

Application Form [Account Creation]
Which one you are [tick one]? Agency [], Alliance [], Business [], Government [], Individual [X], Organisation []
Official name on record: Chikako Ueda
Official nation of origin: Shiruku
Type of account [tick one]:
Standard [] Executive [X] Cash Fund [] High Security [] Green Future [] Next Generation [] Gold Bullion []
Initial deposit [US$/gold/assets/etc.]: $20,000,000
Do you want us to invest the money nationally? Yes
Do you want us to invest the money overseas? Yes
[Optional]If stated as YES, how do you want us to invest your money? In what way?: In low risk investments

Posts · by **Yohannes** » Sat Apr 27, 2019 1:53 pm

Out-of-character information: Hi Shiruku

Thank you for your interest in our fictional in-character bank on NationStates. I'm busy in real life at the moment so don't really have the energy for serious writing on NationStates. I've noted your application on Notepad and will reply to your post once I'm ready! Thank u so much for your time; I am so very grateful

by **Hiram Land** » Thu Jul 04, 2019 11:20 am

Application Form [Branch Opening]
Nation: Tenth Republic of Hiram Land
Type of government: Constitutional Monarchy (part of a outer commonwealth that has a King that we have as our own)
[Optional]Economic policy:
[Optional]Foreign policy:

NOTE: If I may ask, I think there should be questions for how many branches should be opened, whether or not they will be national or local branches, whether or not you will have options for a safe deposit part of the bank, etc. etc.

Posts · by **Yohannes** » Fri Jul 05, 2019 9:27 am

Hiram Land wrote:NOTE: If I may ask, I think there should be questions for how many branches should be opened, whether or not they will be national or local branches, whether or not you will have options for a safe deposit part of the bank, etc. etc.

Out-of-character information: Hi Hiram Land,

Thank you for your inquiry

The short answer is because it's lazy and unrealistic.

If I follow your recommendation, I believe that would show that I do not operate my storefront to roleplay finance and banking. This is what Donata (Yohannes) did from 2010 to 2016. I operate the Bank of Yohannes a wee bit differently than Donata in that I focus on storytelling [ Edit: viewtopic.php?p=34724786#p34724786 ], not copy-and-paste number crunching. The Bank of Yohannes is unique this way, and that makes me happy

When a new player sees the latest replies (my posts) in this thread, I'd like for them to read about something interesting, not the same unimaginative copy-and-paste posts like this: viewtopic.php?p=4062408#p4062408

You deserve that from your NationStates bank. We from the Bank of Yohannes will write only the best reply posts. We are not here to do copy-and-paste reply posts. We are here to write finance and banking stories and expand your fictional nation's connection with the Bank of Yohannes.

Take a look around Global Economics and Trade and you'll see that the Bank of Yohannes is the only bank that will do this for its fictional clients. We are the only bank to actually roleplay finance and banking.

The best fictional bank on NationStates since 2017, and the oldest well-crafted bank thread since 2010.

We are the Bank of Yohannes.

Edit2: That said, thank you for your post and suggestions. I'll (try to) incorporate your suggestions into my next update of the Bank of Yohannes' opening post.

by **Hiram Land** » Fri Jul 05, 2019 9:48 am

Yohannes wrote:
Hiram Land wrote:NOTE: If I may ask, I think there should be questions for how many branches should be opened, whether or not they will be national or local branches, whether or not you will have options for a safe deposit part of the bank, etc. etc.

Out-of-character information: Hi Hiram Land,

Thank you for your inquiry

The short answer is because it's lazy and unrealistic.

If I follow your recommendation, I believe that would show that I do not operate my storefront to roleplay finance and banking. This is what Donata (Yohannes) did from 2010 to 2016. I operate the Bank of Yohannes a wee bit differently than Donata in that I focus on storytelling [ Edit: viewtopic.php?p=34724786#p34724786 ], not copy-and-paste number crunching. The Bank of Yohannes is unique this way, and that makes me happy

When a new player sees the latest replies (my posts) in this thread, I'd like for them to read about something interesting, not the same unimaginative copy-and-paste posts like this: viewtopic.php?p=4062408#p4062408

You deserve that from your NationStates bank. We from the Bank of Yohannes will write only the best reply posts. We are not here to do copy-and-paste reply posts. We are here to write finance and banking stories and expand your fictional nation's connection with the Bank of Yohannes.

Take a look around Global Economics and Trade and you'll see that the Bank of Yohannes is the only bank that will do this for its fictional clients. We are the only bank to actually roleplay finance and banking.

The best fictional bank on NationStates since 2017, and the oldest well-crafted bank thread since 2010.

We are the Bank of Yohannes.

Edit2: That said, thank you for your post and suggestions. I'll (try to) incorporate your suggestions into my next update of the Bank of Yohannes' opening post.

OOC: So it's basically a all-in-one bank branch, basically? If so, I'm fine with that.

Thanks for responding!

Posts · by **Yohannes** » Fri Jul 05, 2019 10:09 am

Hiram Land wrote:
Yohannes wrote:
Out-of-character information: Hi Hiram Land,

Thank you for your inquiry (Image)

The short answer is because it's lazy and unrealistic.

If I follow your recommendation, I believe that would show that I do not operate my storefront to roleplay finance and banking. This is what Donata (Yohannes) did from 2010 to 2016. I operate the Bank of Yohannes a wee bit differently than Donata in that I focus on storytelling [ Edit: viewtopic.php?p=34724786#p34724786 ], not copy-and-paste number crunching. The Bank of Yohannes is unique this way, and that makes me happy

When a new player sees the latest replies (my posts) in this thread, I'd like for them to read about something interesting, not the same unimaginative copy-and-paste posts like this: viewtopic.php?p=4062408#p4062408

You deserve that from your NationStates bank. We from the Bank of Yohannes will write only the best reply posts. We are not here to do copy-and-paste reply posts. We are here to write finance and banking stories and expand your fictional nation's connection with the Bank of Yohannes.

Take a look around Global Economics and Trade and you'll see that the Bank of Yohannes is the only bank that will do this for its fictional clients. We are the only bank to actually roleplay finance and banking.

The best fictional bank on NationStates since 2017, and the oldest well-crafted bank thread since 2010.

We are the Bank of Yohannes.

Edit2: That said, thank you for your post and suggestions. I'll (try to) incorporate your suggestions into my next update of the Bank of Yohannes' opening post.

OOC: So it's basically a all-in-one bank branch, basically? If so I'm fine with that.

Thanks for responding!

Out-of-character information: If you'd like to open 17 localised Bank of Yohannes branches (under a different in-character name, say "Hiram Land Yohannes Banking Corporation"), then go for it. If you'd like to open just three national Bank of Yohannes branches then you can also do that. As the owner of the fictional Bank of Yohannes on NationStates, I'm giving you the power to shape our relationship. Only when it's unfair to other players that we write with on NationStates (e.g. Hiram Land having 10,500,800 branches providing high-paying jobs for 10.8 million citizens of the Tenth Republic) I will politely decline and ask for something less (e.g. reduce the number of branches to only 20 or 400).

But we can use the NationStates Telegram to talk about branches and other strategic planning. My forum post is the place for me to write about the Bank of Yohannes and Hiram Land. I will show you with my next in-character post in the Bank of Yohannes thread

P.S. Thank you for your honest feedback, I do really appreciate it!

Edit: Out of character tag

Edit2: Seeing as people are posting in the Bank of Yohannes thread anyway (although the title says "Closed"), I will reopen the thread and continue with my reply posts. I will continue with the report sometime in the future.

Posts · by **Yohannes** » Sun Jul 07, 2019 9:49 pm

[ Out-of-character information, reposted from “The Financial Diary.” ]

The Bank of Yohannes could see the construction of 79 bank branches in Hiram Land over the next five years, bringing the international lender’s local and national office count in one of UNOE’s largest countries above 400, as the bank plans to shelve its previous strategy to cut over-the-counter costs in favour of online service expansion. Figures from the Economic Palace’s Banks Performance Survey report shows the total number of Bank of Yohannes branches in Hiram land had fallen from 351 to 328 between 2016 and 2018.

“But that will soon change,” said Senior Political Analyst Jerusalem Kushner in the Von Neurath Institute’s Banks Performance Survey Report Q3 Monday live discussion with bankers.

“Looking ahead, we have upgraded our full-year net profit forecasts for the Bank of Yohannes in Hiram Land for the next three years,” Mr Kushner said. “The Bank of Yohannes in Hiram Land is going to remodel and change its strategy.”

The news came as Hiram Land central bankers confirmed that the Hiramian-Yohannes Banking Company Limited (HYBC) will again work with the country’s central bankers next year on independent reviews of its capital models, earnings quality, and risk-taking behaviour.

“The proposal seeks to ensure foreign banks will have less say over how much capital they should hold against borrowing failures,” the Parliament of the Tenth Republic of Hiram Land announced yesterday. Hiram Land lawmakers are looking to trim regulatory complexity and remove irregularity by amending the country’s capital adequacy statutes. The latest move from Hiram Land’s capital city means large national banks in the Tenth Republic must soon shelve their own models, and adopt the new capital requirement methods published by Hiram Land regulators. The Republic of Hiram Land Government believes that in doing so the country can reduce unnecessary credit risks.

Dame Eleanor White, Chairperson of the Bank of Yohannes Group Audit Committee, agrees.

“Greenfield’s proposal announced yesterday would mirror our previous internal models to judge our off-balance-sheet exposures, weighted according to risk, but with the latest safeguards,” Dame Eleanor said. “Believing in the principles for responsible banking, vis-à-vis capital level and comparability across institutions, we have no problem with the Hiram Land Parliament’s proposed changes.”

The new amendment aims to ensure foreign and local financial institutions will work within the parameters of accepted legislative standards.

Despite regulatory changes, HYBC is looking two steps ahead to capitalise on the opportunities provided by shifting customer demands within the industry. While almost a quarter of HYBC’s mortgage applications over the first half of this year have been completed online, up from 20 per cent last calendar year, the bank’s regional offices have experienced a resurgence in face-to-face customer interaction.

The bank said older, wealthier customers prefer solving problems in face-to-face meetings. “While retired older Hiram Landers and superannuitants are happy to do their banking online, it takes real conversations, ideally in person, to solve tricky problems and satisfy their needs,” Chief Financial Officer Maria Hallström said.

“And here at HYBC, we are ready to seize all the ample opportunities Hiram Land—a rich country with a friendly government—has to offer.”

Ms Fransiska Fältskog has been designated as Branch Manager of the first full service local branch to be built in Hiram Land’s largest city next month. The Ramvarkistan Central Business District branch is scheduled to be open for business on 7 September 2019. Employees of the Ramvarkistan CBD office will consist of locally recruited front-end bank branch employees and clerks.

HYBC is planning to increase its staff in Hiram Land by 352 to 17,398 in the September quarter.

The Financial Diary • 8 July 2019 • 8

Posts · by **Yohannes** » Mon Jul 08, 2019 2:57 am

Out-of-character information: And that, Hiram Land, is what storytelling is—the activity of telling or writing stories (in this case, news style or news writing)

“Storytelling” is not copy-and-pasting the same reply (letter) post, doing the same thing over and over again, to other writers’ posts in your thread. Copy-and-paste recycling the same letter over and over again is not “storytelling”—it is lazy, because all you do is copying and pasting the text for everyone.

It’s easy to copy and paste real life websites and create recycled letters. At the Bank of Yohannes, we do not copy and paste our in-character (IC) posts, because we aim to be one of Global Economics and Trade’'s best fictional storefronts, and the best financial industry player on NationStates.

And that is our promise to you, our loyal clients and valued National and International Roleplaying partners.

by **Peoples Republic of Joyea** » Mon Jul 08, 2019 8:04 am

Application Form [Branch Opening]
Nation: Peoples Republic of Joyea
Type of government: Iron Fist Consumerist
[Optional]Economic policy: Mixed economy
[Optional]Foreign policy: Neutral

by **Peoples Republic of Joyea** » Mon Jul 08, 2019 8:10 am

Application Form [Account Creation]
Which one you are [tick one]? Agency [], Alliance [], Business [], Government [], Individual [x], Organisation []
Official name on record: Joyeah
Official nation of origin: Peoples Republic of Joyea
Type of account [tick one]:
Standard [] Executive [x] Cash Fund [] High Security [] Green Future [] Next Generation [] Gold Bullion []
Initial deposit [US$/gold/assets/etc.]: US$100,000,000
Do you want us to invest the money nationally? yes
Do you want us to invest the money overseas?no
[Optional]If stated as YES, how do you want us to invest your money? In what way?

Posts · by **Yohannes** » Mon Jul 08, 2019 9:46 pm

Peoples Republic of Joyea wrote:Application Form [Branch Opening]
Nation: Peoples Republic of Joyea
Type of government: Iron Fist Consumerist
[Optional]Economic policy: Mixed economy
[Optional]Foreign policy: Neutral

By: Gisela Krüger
9 Jul, 2019 4:46 pm EYT

On Tuesday, the Bank of Yohannes announced that it will open its first branch in the People’s Republic of Joyea next month. The company is also looking to build, shift, or renovate about 400 to 500 banking centres and offices in new Coalition of Authoritarian Nations markets over the next eight years.

The bank’s first full service Joyeah City branch will be fully operational by the end of the September quarter, with the company ultimately planning to open about 30 branches in Joyea’s capital city, which is known as the People’s Republic’s strategic financial hub, in the 2020 calendar year.

The Bank of Yohannes’ recent announcement shows the company is planning to reverse its previous policy outside the Nineteen Countries. Between 2016 and 2018, for instance, the bank had closed 1,790 offices in 61 countries and territories outside Yohannes. The bank’s previous policy framework and other decisions to reduce staff and hours had illustrated its original intention to set aside physical over-the-counter presence in favour of the digital world. But in many countries, the internet, digital devices, smart devices, and online banking still could not replace important face-to-face customer interactions, especially among retired, wealthier older customers.

“Superannuitants and older, richer, often retired customers have increasingly become the priority of our sister companies and subsidiaries outside the Nineteen Countries,” said HTU Bank Managing Director Nicolas Fröhlich. “Almost every week I’ve seen new account activity by older investors and customers of our superannuation funds.”

Mr Fröhlich’s surprising admission came as banks across the Nineteen Countries are still slowly closing financial centres and offices. For instance, the Bank of Yohannes recently announced it was closing 30 of its rural Burmecia branches, laying off around 500 employees across the Bible Belt region.

“We have to understand that the ‘Big Five’ Yohannesian banks will only pursue their aggressive strategy in critical new areas and emerging markets,” said Friedrich Kühn, National Assistant Secretary of the Finance Sector Union of Yohannes. “They will only hire aggressively in regions where they can deliver value for their affluent clients, and rural Yohannes is sadly not where most wealthy Yohannesians are.”

For its broader restructuring plan outside the Nineteen Countries, however, the Bank of Yohannes is looking to add branches in emerging areas outside existing markets.

According to Dame Chloe McLachlan, the Bank of Yohannes’ Chairperson of Group Sustainability Committee, financial centres and full service branches still play an important role for the bank’s net profit on interest-earning assets. In Laeralsford, for instance, the bank has presence in the metropolitan area but not as much outside of the central business district and the affluent leafy suburbs.

“The Bank of Yohannes in the Coalition of Authoritarian Nations is looking to increase its net branch count by between 10 per cent and 15 per cent over the next few years,” Dame Chloe said in an interview. “We are looking two steps ahead.”

“Just like in Yohannes, we realised that we did not have enough overseas presence in urban areas which had seen rapid economic and population growth in 2018—and we’re planning to change that within the next decade.”

Dame Chloe did not reveal which countries the Bank of Yohannes would focus on, but said it is trying to fend off competition “in Yohannes and overseas” by looking across its existing international branch network.

The bank’s latest changes in its policy statement are the culmination of the consolidation of assets and liabilities it has done since the World Assembly Condemnation of Automagfreek in 2012, the company’s website said.

In addition to its latest announcement in the People’s Republic of Joyea, the bank also said it “plans to explore future entry in new emerging and active markets such as Brightlake, Hongmin and Majapahit,” where the Nineteen Countries government has established close working relationships.

Group Chairperson Sir Matthew Gilligan told analysts on the Association of Yohannesian Banks’ Q3 Financial Performance Analysis livestream that the Bank of Yohannes will completely utilise its resources to “follow the rule of law” on all aspects of financial regulation in Joyea.

The company and its subsidiaries will have 1,470 employees based in the Joyeah City Central Business District.

gisela.krüger@ryb.yo • Association of Yohannesian Banks

Posts · by **Yohannes** » Tue Jul 09, 2019 10:42 pm

Vienna Eliot wrote:TO: Sir Matthew Alexander Gilligan, Bank of Yohannes
FROM: Joyce Wu, Vienna Consulting

Dear Mr. Gilligan,

As a partnership dedicated to securing the benefits of globalization for our clients throughout the world, our team at Vienna Consulting has been excited for a few years at the prospect to work with the Bank of the Yohannes and other International Banking Association members. In an increasingly globalized world, we seek to bring together key financial decision makers, and we want to partner with you.

We understand that a diverse array of stakeholders are vital to the success of any organization's multinational operations. That's why we've put together a report detailing what we're looking for in a partnership with your institution and other IBA members. Please take the time to review this report, put together by teams of experts in our finance, data, and marketing departments, before getting back to us with any terms you'd like to see included in our agreement.

See the full report here. Visit our website at www.viennaconsulting.com.

We look forward to hearing back from you!

Joyce Wu
Vienna Consulting
Chief Operating Officer

By: Michelle Hofmann
10 Jul, 2019 5:27 pm EYT

The Bank of Yohannes has signed a limited partnership agreement with Vienna Consulting to help Royal Alexandria’s oldest bank write and implement “multifarious” comprehensive Financial Compliance and Technical Standards (FCTS) contracts over the next five years.

Vienna Consulting’s five-year limited partnership contract will help the Bank of Yohannes identify new risks and explore solutions to problems vis-à-vis compliance themes and areas of poor practice across 271 countries and World Assembly member states outside Yohannes.

Under the terms of the agreement, the Bank of Yohannes will hold the general partnership, exposing the company to full liability for the partnership’s debts and obligations, while Vienna Consulting will not participate in the highest decision-making process, but will retain the right to advise the bank on mutual decision-making process. Vienna Consulting’s five-year agreement will be used as part of the bank’s Parliamentary Financial Reporting Standards, which is due to be released in the Parliament House next month.

According to the summary of select committee submission showcasing the copy of the agreement’s introduction, the scale of Vienna Consulting’s limited partnership with the Bank of Yohannes will cover a comprehensive range of financial products and infrastructure-driven developments outside the Nineteen Countries.

“When we look at risk, we incorporate the latest market investigation and research techniques to minimise current problems and identify future difficulties,” FCTS Executive Berta Schäfer said in a press release Tuesday.

The $3 billion agreement is one of the largest ever formed by a Yohannesian bank with a foreign company since the accord signed with Greater Nifon’s Bushido Solutions in 2017. The Association of Yohannesian Banks learned last week that the Bank of Yohannes was preparing to pay up to $3.6 billion over a five-year period to “eliminate costly sanctions violations overseas” and successfully respond to non-compliance with World Assembly laws and national regulations.

In addition to the $3 billion agreement, Vienna Consulting agreed to help the bank with its in-depth market investigations in over 100 countries and World Assembly member states for the next five years. The FCTS senior management team includes leaders from a variety of economic, government, legal and technological backgrounds. Its panels of experts and management staff will be supported by accounting, finance and legal specialists to provide “specialist banking solutions for FCTS” operations outside Yohannes.

Headquartered in Aurentina, Vienna Consulting is a venture investment and portfolio management firm known for its hard-earned success and outstanding achievements in “data analytics, strategic communication, and political consulting.”

Andrea Köhler, a former Economic Palace economist and former acting executive of Technical Standards Yohannes, said the expertise Vienna Consulting will bring to the table for Bank of Yohannes market investigation and research overseas will be a boon to the bank’s market share outside the Nineteen Countries.

“With a less business-friendly Maréchal-Le Men administration in the Parliament House, something like this will boost the morale of a bank that has struggled to stay out of bad publicity since Marion Maréchal-Le Men’s presidential election in 2018.”

The Bank of Yohannes’ regulation and supervision advisers could not bring the bank to comply fully with the Nineteen Countries’ prudential supervision and regulatory policy-making requirements in the waning days of the business-friendly Christian Democratic Party’s government trifecta period, despite a push to do so three months before the 2018 presidential election.

michelle.hofmann@ryb.yo • Association of Yohannesian Banks

by **Ionicus** » Sun Jul 14, 2019 10:38 am

>ESTABLISHING YAG SECURE CONNECTION...
>CONNECTION ESTABLISHED
>BEGIN MESSAGE...

=====================================================
TO: The Bank of Yohannes
FROM: Paul Allen, YAG Tech CEO
SUBJECT: Offer to Bank of Yohannes for YAG Tech Equipment
=====================================================

Greetings to the most esteemed and renowned Bank of Yohannes! I am Paul Allen, the CEO of YAG Tech. Today, I have some very important questions to ask you: is your current banking IT infrastructure efficient and productive? Is it safe and secure?

While you ponder these questions, I would like to tell you about YAG Tech's expansions into the financial technology realm. Recently we have created an entirely new line of products that are revolutionary in comparison to most bank's technology systems. Below I have provided links to some products and brief descriptions which I think your company may find useful. I have also attached an order for a small set of equipment so that you may evaluate the systems before deciding switch fully to our systems. Please respond to this message if you would like to cancel your order, otherwise after a period of one week with no response, we will confirm the order and submit an invoice to the Bank of Yohannes's Accounts Payable. If no payment is received via Eastern Union Money Order, we will be contacting various authorities to prosecute for stolen equipment. Thanks for your consideration!

With Love,

[Made with YAG Technologies International Digital Signature Pro Deluxe]

Paul Allen, CEO of YAG Technologies International

Proposed Equipment Descriptions

TM Mark IV Mainframe, Quantity of 2
Proposed Use: Hosting the Bank of Yohannes's Website
Description: Unmatched at its price point, the TM Mark IV offers the very best in computer hardware. Used by several now bankrupted institutions, the TM Mark IV makes an excellent choice for anyone in need of big computing power. The units completely fan-less design means that there is no noise produced by the TM Mark IV, except for the continuous beeping noises produced by an internal speaker, which in combination with the many (and I mean many) blinking incandescent lamps on the front panel will impress anyone with the slightest knowledge of computer technology. In fact, the high tech appearance of the TM Mark IV is guaranteed* to intimidate any of your competitors into going out of business. Wow!™
*-YAG does not guarantee competitors intimidation levels

Banking Data Systems Management Software Suite, Quantity of 120
Proposed Use: Banking Software
Description: YAG Tech's latest software package, developed exclusively for financial institutions. The package also includes GOD OS+ version 1.1.777, similar in all ways to the original GOD OS, but with the addition of light and dark themes to suite the user's personalities.

The Banking Data Systems Management Software Suite provides the most secure platform for any bank to run on. The system automatically destroys itself once every 8 hours, thereby preventing any hackers from removing files from the system. In addition, the system is 100% incapable of internet connection and 100% resistant to RFID hacking attempts. Included programs are:

Auto Writer: Using the latest AI developments, Auto Writer automatically generates a message and sends it to all VIP contacts on the email server. Your customers will love the personalized seeming letter. Just take a look at one message the program wrote:

Auto Writer wrote:Dear Mr. Kennedy, CEO of Raytheon
Children will be blessed for Kissing Of Educated Adults Who Ignore 4 Simultaneous Days Same Earth Rotation. Practicing Boring ONEness - Upon Earth Of Quadrants. Boring Adult Crime VS Youth. Supports Lie Of Integration. 1 Educated Are Most Dumb. Not 1 Human Except Dead 1. Man Is Paired, 2 Half 4 Self. 1 of God Is Only 1/4 Of God.
Sincerely,
CAPTCHAH8R

Number Krunch Pro: For all your calculator needs! Simply enter in any number using the binary system and watch as a virtual hydraulic press Krunches™ the answer.

999,999,999 MoneY Hack: In order to slash development costs, YAG Tech found this program on the deep web and altered it. Rather than deposit money in a video game character's account, it now deposits real money into a real account.

Spread Sheitz: Watch as two time Microsoft Excel Olympic Gold Medalist Huey "COUNT(A$1:G$1)=" Dupont performs accounting wizardry in a pre-recorded video. If the actions he performs are similar to what you need done, just print out a screenshot and call it a day! Wow!™

CA$H THINK 2500 Secure Banking Terminal, Quantity of 4
Proposed Use: Secure platform for using banking software
Description: Designed specifically to work with YAG Tech's Banking Data Systems Management Programs, the CA$H THINK 2500 is the perfect companion and a pillar of any self-respecting financial institution. The unit is completely resistant hackers who attempt: internet hacking, RFID hacking, or hard drive theft. The secure data disk destruction feature, once activated sends the secure data disk into the titanium maceration device where it is shredded into a fine dust and then blown out of the vent ports at the bottom.
NOTE: YAG Tech recommends users of this product wear respirators to prevent inhalation of the fine dust produced during this event.

Gamer Girl Fluids, Quantity of 1
Proposed Use: Coolant for CA$H THINK 2500 Secure Terminal
Description: Because the CA$H THINK 2500 Secure Terminal uses YAG Tech's premium, distilled Gamer Girl Fluids in its evaporation cooler, periodic refilling is necessary. YAG Tech's Gamer Girl Fluids are the highest quality liquids that have been within the vicinity of a human female playing video games that you can purchase. Distilled and infused with radium for extra vitality and cooling performance.

NOTICE: Downloading attachments from the provider YAGternet incur a fee of 5.00 USD per 256kb downloaded

Posts · by **Yohannes** » Mon Jul 15, 2019 1:50 am

Out of character information: Hi Ionicus,

Thank you for taking the time to write that unique in character post. I will be responding with a newspaper style post announcing the agreement reached between the Bank of Yohannes and YAG Tech Equipment on manufacturer and distributor of bank equipment and supplies. This is my out of character post approving your in character post. My next post in this thread will be my in character post

by **Alpes a Septentrionali Imperium** » Mon Jul 15, 2019 1:54 pm

To the Bank of Yohannes
From: Frédéric François, retiring First lord Exchequer

to whomsoever, it may concern at The Bank of Yohannes. Alpes has just some time ago established an embassy in your nation and members of our government and society have been looking at beginning connections, accounts. Well we know that the bank and The Realm of Yohannes have little to no actual connections with each other we in THe Alpes a Septentrionali imperium have found it now to be easier to began business with the bank after the establishment of the embassy. So below, I and my successor Nicolas Commfeorgen has filled out multiple applications in the name of the Empereur-Roi and departments of government involved with the treasury and economy of the Imperium to be sent to you from the embassy, sometime in the future. I hope you do approve of them and I hope that this can start a long time of cooperation between my nation and your institution of banking.

Sincerely Frédéric François

Posts · by **Yohannes** » Mon Jul 15, 2019 11:39 pm

Ionicus wrote:TO: The Bank of Yohannes
FROM: Paul Allen, YAG Tech CEO
SUBJECT: Offer to Bank of Yohannes for YAG Tech Equipment

Greetings to the most esteemed and renowned Bank of Yohannes! I am Paul Allen, the CEO of YAG Tech. Today, I have some very important questions to ask you: is your current banking IT infrastructure efficient and productive? Is it safe and secure?

While you ponder these questions, I would like to tell you about YAG Tech's expansions into the financial technology realm. Recently we have created an entirely new line of products that are revolutionary in comparison to most bank's technology systems. Below I have provided links to some products and brief descriptions which I think your company may find useful. I have also attached an order for a small set of equipment so that you may evaluate the systems before deciding switch fully to our systems. Please respond to this message if you would like to cancel your order, otherwise after a period of one week with no response, we will confirm the order and submit an invoice to the Bank of Yohannes's Accounts Payable. If no payment is received via Eastern Union Money Order, we will be contacting various authorities to prosecute for stolen equipment. Thanks for your consideration!

With Love,
[Made with YAG Technologies International Digital Signature Pro Deluxe]
Paul Allen, CEO of YAG Technologies International

By: Hannah Kühn
16 Jul, 2019 6:30 pm EYT

Per cent change of settlement cash in the last 24 hours
Yohannesian Quertz russling ▲0.01073% I NationStates/Universal Standard Dollar ▼0.00409%

The Bank of Yohannes’ board of directors has agreed to hold discussions with Ionician IT services and software provider YAG Technologies International about a potential supply agreement, as the Nineteen Countries’ oldest bank looks for possible new suppliers and technology solution providers after enjoying sustained overseas branch network and share-price growth in 2018, people close to the bank confirmed.

The early negotiation shows the strong willingness of the Bank of Yohannes’ strategic decision-makers to keep up with the company’s growth outside Yohannes, and executives this week believe that YAG Technologies could be one of the bank’s most reliable logistics providers and suppliers in 2020, the Association of Yohannesian Banks learned. “In 2018 alone the Bank of Yohannes had expanded in at least 50 countries,” said Jörg Kaiser, the chief executive of longtime IT provider Royal Alexandria Products in Data Processing Corporation, which until last year was the only Yohannesian company in the bank’s list of five biggest suppliers. Now it ranks ninth. “There’s no way the bank’s current suppliers in Yohannes could keep up with that kind of growth,” Mr Kaiser said, shaking his head and sighing sadly.

Heightened pressure on the banks from Yohannesian government officials to upgrade decades-old IT systems—and for the bank to explore how it could improve its underperforming procurement systems and outdated architectures—also factored into recent discussions, as the Financial Diary noted recently on the Association of Yohannesian Banks’ Q3 Banking Technology Procurement livestream.

But that is due to change soon.

Two important reasons are forcing this shake-up: the dramatic growth of cybersecurity threats that financial institutions must address; and the rise of digital banking in countries where the bank operates in.

The Bank of Yohannes, active in over 300 countries and World Assembly member states, relies on many foreign IT and software firms so that it can manage cash, finance trade, and fund its branch operations and investment projects outside the Nineteen Countries. The agreement by the Bank of Yohannes’ board of directors to kick-start discussions was earlier reported by The Royal Alexandria Times. A Beltway insider close to the board said the discussion with YAG Technologies is set to be concluded by the end of the September quarter.

The board of directors is accountable to the bank’s shareholders, who vote for the members of the board. The board of directors is also required under the Bank of Yohannes Reunification Act 1990 to provide an annual accountability document to the Nineteen Countries Government no later than a quarter after the end of every financial year. Although formally the Bank of Yohannes is not registered as a national banking institution because of its modern-day private and multinational attributes, it may very well be considered as one because of the very important national role it has played for the Yohannesian economy since 1990.

“The board chooses, supervises and dismisses senior executives, such as the chief executive, and is indirectly involved in important decision-making process,” said Anette König, a former board member who is also a bank lobbyist. “For instance, a foreign supplier agreement or IT procurement process that would help the bank’s financial operations in many countries outside Yohannes.”

The Bank of Yohannes’ chief executive, Dame Julianna Stefansson, has told major investors and long-standing partners of the bank that multinational supplier agreements are “technically” the responsibility of the chairman. But the “hands-off” group chairman has instead chosen to delegate his authority to the board since 2017. “Sir Matthew Gilligan was widely blamed for the bank’s failures during the bank’s lowest point in its long history, and the three years of decline following the World Assembly Condemnation of Automagfreek financial crisis in 2012,” said Ms König.

The Ministry of Economy, Industry and Trade is willing to give the green light to a multinational supplier and IT procurement agreement between the Bank of Yohannes and YAG Technologies International, while the bank’s Overseas Investment Office answers questions from its foreign investors and high-net-worth clients about YAG Technologies International’s industry reputation and reliability, the Association of Yohannesian Banks learned this morning.

According to the Ionician company’s website, YAG Technologies was founded in 1976 to provide business computing devices in a rapidly changing world, and it quickly became a staple supplier of electronic systems for firms “all around the world.” Headquartered in Astyria, YAG Technologies deals primarily with multinational corporations and government institutions.

“Anybody working in banking and finance and having to deal with software has got to be able to use the latest technology properly,” said Dame Eleanor White, Chairperson of the Group Audit Committee. “They’ve got to be able to prevent the disclosure of personal information, and other types of misuse of information that will invade the privacy of our high-net-worth clients and business partners.”

Senior bank officers close to Dame Eleanor said government officials under the GOP-controlled Parliament in Royal Alexandria believed multinational companies like YAG Technologies have the wherewithal to provide technological solutions to address current and emerging World Assembly banking regulations and national security compliance requirements outside Yohannes.

The Bank of Yohannes is in talks to sign up a number of overseas information technology companies to its International Suppliers Network in the second half of 2019, and plans to have agreements with several major lead logistics providers done by the next financial year.

Bank of Yohannes shares have closed 1.7 per cent lower tonight at $11.80 on the Royal Alexandria Stock Exchange (RASE), as skeptical investors absorb the company’s latest update.

hannah.kühn@ryb.yo • Association of Yohannesian Banks

Comments

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118 Comments

Yohannes_First

First we haev Khataiy building Mosques in the Kingdom of Alexandria and Khataiyi Muftis marrying Yohannesian women now we have more agreements with foreign companies coming from a region called Astyria? Sounds Asiatic to me, must eb from the Orient. Disgusting.

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Feud For Thought

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Aweebitsick

I haev to work for my money eighthours fivedays a week and we got wanka like Bank of Yohannes Sir Matthew makin $250 per hour not fair I say lock em all up!

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Blimey Weasley

Jesus Christ this comments section

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by **Gorschia** » Tue Jul 16, 2019 7:10 am

Application Form [Branch Opening]
Nation: Gorskia
Type of government: Parliamentary Republic
[Optional]Economic policy: Capitalist-Mixed
[Optional]Foreign policy: Friendly

Posts · by **Yohannes** » Thu Jul 18, 2019 11:27 pm

Alpes a Septentrionali imperium wrote:To the Bank of Yohannes
From: Frédéric François, retiring First lord Exchequer

to whomsoever, it may concern at The Bank of Yohannes. Alpes has just some time ago established an embassy in your nation and members of our government and society have been looking at beginning connections, accounts. Well we know that the bank and The Realm of Yohannes have little to no actual connections with each other we in THe Alpes a Septentrionali imperium have found it now to be easier to began business with the bank after the establishment of the embassy. So below, I and my successor Nicolas Commfeorgen has filled out multiple applications in the name of the Empereur-Roi and departments of government involved with the treasury and economy of the Imperium to be sent to you from the embassy, sometime in the future. I hope you do approve of them and I hope that this can start a long time of cooperation between my nation and your institution of banking.

Sincerely Frédéric François

By: Anna Möller
19 Jul, 2019 6:25 pm EYT

Per cent change of settlement cash in the last 24 hours
Yohannesian Quertz russling ▼0.00520% I NationStates/Universal Standard Dollar ▲0.00819%

The Bank of Yohannes in the Alpes a Septentrionali Imperium is aiming to create as many as 8,600 jobs for the next five years as it copes with changing market conditions and works to build its network of full service branches and local financial centres in Paris and surrounding areas.

The bank yesterday said it expects total headcount to rise by about 15 per cent to 25 per cent every year, including independent contractors as well as academic internships and industrial placements. The Bank of Yohannes is forecast to have about 43,000 Alpeian employees by the end of its five-year plan.

Since 2014, the Bank of Yohannes has spent $14 billion on new technology for its joint venture in Alpes, the Alpeian and Yohannesian Bank Limited (AYB). To promote the maintenance of a sound and efficient financial system in Alpes, every foreign bank must earn an operating license from the Imperial Department of Economics and Development. “This way, the Grand Imperial Government could avoid significant damage to the Alpeian financial system that would come from the failure of a registered bank,” said an Imperial Department of Economics and Development spokesman.

Now that it has earned an operating license, AYB Limited will become a full subsidiary of the Bank of Yohannes.

As a full subsidiary with operating license, AYB will be able to pursue its own national strategy and provide a wide range of banking services, asset finance, investments and payment solutions in Alpes. AYB Chairman Rémy Thevenin announced the company’s new mission statement in an investor relations meeting, saying they would help AYB and their partners meet their goals to become more “localised” for years to come.

“This work includes expanding risk management, adapting to digital banking, investing into core areas while simplifying operations in non-core areas, and making our presence known in Alpes through enhanced customer focus and service,” Mr Thevenin said.

AYB’s full-fledged entry into the Alpean market is taking place as the Bank of Yohannes continues to grapple with its new strategic policy framework. “The Bank of Yohannes’ international network of allied institutions and subsidiaries has continued to divest itself from old markets in older nations since 2017,” said Joseph Catalan, a former senior bank manager who is also an active shareholder. “In some cases this can be hard, but overall the group has achieved this objective.”

The expansion in the “new world” and divestment from the “old world” is happening as the banking group must contend with the opposition of a number of major shareholders, who aired their frustration at its 2018 annual meeting. Gärd Rothschild, a Yohannesian pensioner living in the Grand Duchy of Van Luxemburg, was among the attendees. In the 29 years since 1990, she and her partner have bought just under 20,000 shares, because her grandfather was one of the “earliest” shareholders of the bank. The stock made up 15 per cent of their diversified superannuation fund. “For instance, Van Luxemburg used to be one of Yohannes’ closest trading partners in 2012, and it was a logical choice to move here,” Ms Rothschild said.

“Now that Yohannes has moved away from the old world regions, we’re suddenly in limbo.”

The frustration aired by Ms Rothschild and other shareholders living in old world nations like her were understandable, as the Economic Palace has recently imposed further asset cap to limit the Bank of Yohannes’ growth “in older nations and regions.” Instead, more of the bank’s profit and revenue will be invested in new world nations and regions. “This process has started since 2017, but now there will be no turning back,” said an AYB spokesman.

Many of AYB’s suppliers and regional business partners in Alpes have already felt the two-year changes. Inside the Alpean bank, a lot of the focus on full market operation is known as “I&D,” abbreviated from the “Imperial Department of Economics and Development and Department of the Exchequer” project, kick-started by Chief Operating Officer André Schneider.

The name of the project mirrors the announcement made by the Imperial Department of Economics and Development and the Alpean Department of the Exchequer to open a government account and work together with AYB. The Grand Imperial Government aims to commit over $3 billion in high-cost infrastructure investments across Yohannes for the next 10 years.

“Everyone knows that we face a major infrastructure challenge in the years ahead,” said Yohannesian diplomat and GOP supporter Lisa Schäfer. “Nineteen Countries’ bridges are getting old, while our major cities’ airports are overflowing and not keeping up with new World Assembly health and safety standards. Yohannesian ports could not keep up with shipping growth and the addition of new overseas trade partners, while our highways are in need of repair. The realm government must fix this mess, and that was why I voted for the GOP and Marion Maréchal-Le Men in 2018.”

The GOP-led Parliament is planning to table the Realm Highway Bill, which would make available at least $120 billion for the provision of new construction and repairs of almost 70,000 kilometres of road network spanning three constituent countries. “And the Alpeian and Yohannesian Bank will be at the forefront of this development,” Mr Schneider told major investors of the bank this morning.

Mr Schneider and others like him can sit happy in the Alpes a Septentrionali Imperium, knowing that the Bank of Yohannes’ future lies with new world nations like it. But other, slowly forgotten stakeholders like Ms Rothschild see the loss of the “old bank they once knew” as yet another step in the slow unravelling of their old way of life.

Bank of Yohannes shares have closed 2.1 per cent higher tonight at $12.05 on the Royal Alexandria Stock Exchange (RASE), as bullish investors absorb the company’s latest update.

anna.möller@ryb.yo • Association of Yohannesian Banks

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180 Comments

Capitan Obvious

It’s also time for the Economic Palace to introduec a new limit on high loan-to-value ratio (LVR) residential mortgage. It would be temporary and wloud affect residential home borrowing. Cheap money has ruined the economy and it shoudl stop now.

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Yohannes_First

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Theysaidwhat

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Blimey Weasley

The important macrotrends of asset class there looking good I say. Infrastructure growth funds here I come!

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ShadesOfGreyDarker

Which nation is better off from this—Yohannes or the Alpes a Septentrionali imperium?

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by **Pambudia** » Sat Jul 20, 2019 8:56 pm

Application Form [Account Creation]
Which one you are [tick one]? Agency [], Alliance [], Business [], Government [x], Individual [], Organisation []
Official name on record: Bank Pambudia
Official nation of origin: Pambudia
Type of account [tick one]:
Standard [] Executive [] Cash Fund [] High Security [x] Green Future [] Next Generation [] Gold Bullion []
Initial deposit [US$/gold/assets/etc.]: NS$ 78,900,000,000
Do you want us to invest the money nationally? Yes
Do you want us to invest the money overseas? Yes
[Optional]If stated as YES, how do you want us to invest your money? In what way? in Peacefully and Development actions

by **Ouna** » Sun Jul 21, 2019 4:15 am

To: The Bank of Yohannes
From: Dida Kirkstone

To whom it may concern,

The Spear Financial Services Group would like to formally propose a business deal with the Bank of Yohannes which it feels will be mututally beneficial to both parties.

The Group will offer a 50% stake in the Berghoff Bros Bank, the Retail Banking sector of the Spear Financial Group which has 54 branches across the Pan-African Republic of Ouna.

The bank's total assets as of 30/11 of the previous year was R20.6 billion (NS$1.5 billion) and its operating income R15 million (NS$1 million).

The Bank of Yohannes will be allowed to use the goodwill of the Berghoff Bros Bank to open retail branches in Ouna trading under the Berghoff Bros name.

All we ask for in return is assistance in creating a better storefront for Spear, to attract more custom to the Corporate banking and Professional Services sectors of the Group. The Bank of Yohannes has such a large network in the NationStates economy we feel like we would benefit from advice regarding the Financial role-playing aspect of the International Banking sector.

As well as this a higher profile for the Berghoff Bros Bank internationally will benefit the group as we will retain a 50% stake in the Bank.

We also ask that the Bank of Yohannes consider using the Spear Group to purchase its supply of Ounaian Rands should it require any.

We feel like our company is not in direct competition with The Bank of Yohannes, although it is technically impossible with the Bank being involved in all aspects of the Finance sector, as our interests are simple. We wish to attract more businesses to Ouna, so that we can increase revenue from the sale of Ounaian Rand, Corporate Financing and a booming Ounaian economy.

Please let us know your feelings towards this venture, should you have any questions please get in touch.

Best Regards,

Dida Kirkstone MOCA, Msc
CEO of Berghoff Bros Division, Spear Financial Services Group.
Spear House, Freedom Ave, Trawadea, District of Sucheberg
d.kirkstone@speargroup.ou

Posts · by **Yohannes** » Sun Jul 21, 2019 12:56 pm

Out of character information: Hi Pambudia and Ouna,

Thank you for taking the time to write your in-character post

This is my out-of-character post approving your in-character post. I am working so it'll take a wee while for me to respond (IC). Pambudia, I will post a reply for you after I've posted a reply for Gorschia (New Transeurasia). Ouna, my reply to your unique in-character post will come after Pambudia. My next post in this thread will be my in-character post.

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Gross domestic product 2018	Annual GDP growth at current market prices
Expenditure method	$461.622 billion
Per capita growth	$210

BOY business sentiment studies (for the next two quarters)	December 2018	March 2019
Will have more workers (per cent)	30.1	29.7
More people will lose jobs (per cent)	33.5	36.9

Yearly comparison	November 2017	November 2018
Whole time equivalent average weekly earnings (after tax deduction)	$910.07	$979.71
Employment Cost Index movement	+1.4	+2.5