NationStates Jolt Archive


International Bank opens for business

Neutral Territories
05-09-2004, 19:29
'The Neutral Times'
5th September 2004


The long-awaited Neutral Territories International Bank officially opened today in Neutropolis after an impressive ceremony.

The Bank's new chairman, Sir Gunther Daedelus, said that the bank's location in the heart of the city's financial district, transparent banking regulations, outstanding government support and experienced private bankers, all contributed to the formation of the bank.

"The Neutral Territories' economy will remain strong and stable throughout the current uncertain climate," said Sir Gunther, adding that the bank will soon become "the bastion of the global economic community."

The International Bank is the latest offshoot of the Neutral Territories Central Bank, which was nationalised almost six years ago.

Also present at the ceremony was the NT International Affairs Minister, Francois Diego von Klamp, who said, "As an international financial center, Neutropolis is able to offer unparalleled benefit to the banking sector."

Mr. von Klamp has been working closely with leading figures in the NT financial community as part of his drive to attract foreign direct investment to the area.

"The NTIB is the perfect environment for foreign nations and private investors to perform vital economic transactions without unnecessary and overbearing political interference," said Mr. von Klamp.

Chairman Daedelus' vision of the NTIB as an 'economic bastion' was manifested by the bank itself. While the new building at Friedmont Plaza is impressively secure, it is merely the administrative headquarters of the organisation. The actual financial transactions will take place at the NTIB's secret vaults, buried deep at a secret location in the nearby Neutral Bluffs. The vaults have been described by a spokesman of the NTIB as a "hidden fortress", and are protected by the NT armed forces.

The opening ceremony also attracted the attentions of many anti-globalisation protesters, who attempted to disrupt the proceedings. Many protesters believe the NTIB's strict 'no questions asked' policy will also attract many 'undesirable investors', e.g. arms traders and organised crime leaders.