Tag Archives: Virtual Banks

Day [384] Banks Implemented

After some testing a new Joint-Stock Company was implemented today in ProEconomica, the Bank. For ~ 1500 Gold + currency (based on your country) you can buy 10% of a newly opened Bank, except the price , administrative wise, everything works just like at the other Joint – Stock Companies.

Banks are straight forward, you can make deposits and get daily interest or take credits and pay a daily fee. You can find the bank options at Market > Stock Market  > Bank

ProEconomica BanksSo far the Banks are unrealistic and … well in my opinion a total failure, owners  can’t offer decent interest rates and that will make the deposit almost useless and pointless, if I make a deposit of 50.000 RON for 30 days I will get the amazing profit of 1.510 RON. The credits are even worst, the interest rate here has to be higher so that the banks can afford to pay higher interest rates for the deposit and of course the bank owners need earn some profit too. If I take a credit of 50.000 RON in 30 days I’ll have to pay 80.000 RON and that’s with a 2% interest rate. If you choose to take credits from a bank make sure you double-check the interest rate and wait at least a few days, at the moment there still are some bugs that need fixing.
If I were you I would stay away from credits and I would definitely NOT waste my money by investing in a bank.

 

Joint-Stock Companies Implemented

Finally, Joint-Stock Companies (JSC) were implemented yesterday ..sort of, they have a lot of bugs at the moment. The 4 JSC’s implemented are Water, Electricity, Oil(Petrol) and Natural Gas, today or sometime soon banks will be implemented as well.

Players can either create a Joint-Stock Company or buy stocks to an already created one, if you choose to open a new one you have to buy at least 10% of the stocks and if you choose to just buy stocks an already created JSC you need to buy at least 1%. No matter if you create a JSC or buy stocks to one for 1% you will have to pay 100 Gold and a certain amount of currency based on your country, in Romania for example is 5.000 RON. So far the earnings details are fuzzy, will announce them when they are confirmed by the admins.

I’ll comeback with an update on JSC’s when they are fully functional until then don’t forget to check out JSC for more info.

Upcoming Joint-Stock Companies

Yesterday the admins announced the implementation of the joint-stock companies, the first one will be a Bank and it should be implemented sometime in April. Until then they have given a rough description about how Joint-Stock Companies will work.

What is the difference between a regular company and a Joint – Stock Company?

Well the main differences are that a joint-stock company also known as JSC can have multiple shareholders, shareholders can appoint by voting a General Director (CEO), that will manage the company, and it offers the possibility to earn gold.

In time joint-stock companies will offer players electricity, water, materials, petrol, means of production, etc.

You can read more about the way banks and other joint-stock companies will work here.

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