Banking in Packilvania: Difference between revisions
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*[[Export-Import Bank of Packilvania]] (EXIMBP) provides banking services to organisations and persons that import and export goods and services to and from Packilvania.
*[[Packilvanian Development Bank]] (PDB) provides financing and banking services for infrastructure and property development projects to Packilvanian and foreign organisations and persons.
==Criticism==
=== Bank bailouts ===
Financial distressed banks have been bailed out by the Packilvanian government. In 2002, the Imperial Treasury gave the Construction Bank of Packilvania a 34 billion KRB cash injection after it failed to honour payouts of its 12 month bond after a higher than expected withdrawal period by construction companies and property development firms that were faced with the largest worker strike in the country's history.
In 2010, the government bought the embattled Central Bank of Tasselvalta and absorbed the depositary liabilities of all the banks in Tasselvalta as part of the annexation of Tasselvalta following the [[Tasselvalta War]]. Given how severely the war had undermined the economic performance of that nation and given rise to bank runs that saw many banks unable to honour their depositary obligations, this was perceived as tantamount to a bank bailout. Some analysts supported the move as they believed that Packilvania was responsible for the recession that hit Tasselvalta.
=== Privatisation ===
Conservative circles such as the Nikobar Luden Institute have strongly criticised opening the Agricultural Bank of Packilvania and the Industrial and Commercial Bank of Packilvania to private investors because they argue that it opens the Packilvanian banking sector to foreign influence and undermines national security. Analysts such as the Institute for International Banking Research have called the criticisms unfounded.
=== Stagnation and a lack of innovation ===
Founder and former CEO of [[Debby]] called the banking sector primitive for failing to adopt more exotic financial instruments and for obstructing the digitisation and decentralisation of the financial services sector. He described their calls for minimum liquidity requirements for digital payment systems as ridiculous and excessive in their bid to undermine the burgeoning financial technology sector of Packilvania.
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