Lotus Development Bank
 491 Herleifr Ave, Bjørndomene Vakrestrender | |
Native name | Lotus Utviklingsbanken |
|---|---|
| Industry | Financial services |
| Founded | March 5th, 1918 (104 years ago) |
| Founder | Asbjørn Bjørn |
| Headquarters | Bjørndomene, Vakrestrender |
Key people |
|
| Parent | Bjørn Trust |
| Website | LDB.VTR |
Lotus Development Bank (LDB) is a crown commercial bank headquarter in Bjørndomene, Vakrestrender. LDB is the 3th-largest bank in Vakrestrender and the largest native owned bank in Vakrestrender. It is a subsidiary of the Bjørn Trust, one of the largest family trusts in the Urth. As a crown-owned bank and state-chartered bank, it face regulations from both the Valkyr Financing regulation and Royal Commerce regulation, as well a member the of Valkyr-State Reserve System.
The Lotus Development Bank has been nicknamed "Bank to the Screen" and occasionally called the "The Entertainment Bank" due to its extensive relationships with numerous film companies, media including television, film, theater and the arts as well its entertainment and tourist industries across the Urth. The Lotus Development Bank frequently works with its parent company, Bjørn Trust to loan and invest money into various entertainment industry in all its forms including music streaming services such as Brælisång, video game companies such as Type-Sun and numinous entertainment and media companies. In addition Lotus Development Bank invests heavily into TV broadcasting and traditional forms of media such as Nine Winds Media Holdings in Federation of Bana.
History
1918-1940
The Lotus Development Bank was a effort made by the Bjørn Family and several Rikevaarland banks to create a formal development bank to loan out and invest in the Valkyr tourism sectors, especially in the gambling sector. It was founded by Jarl Asbjørn Bjørn and his son Kristoffer Bjørn alongside Rikevaari banking companies after the Great War to turn Vakrestrender into a major tourist center. In 1937, the LDB heavy focus on the development of the entertainment and tourism sector lead to large amount of growth, resulting in the Bjørn Trust buying out the Rikevaari bankers. Taking over the bank in its entirety but still having good relations with