Founded in late November 2019, Nick McScott and General of the Union bought the rights to Spera Bank from a new player and decided to run the bank as a joint venture. Since then, Spera has morphed into a multi-faceted company with a Casino, Bank, and Investments. The word ‘Spera’ is Latin for trust, and we believe that this name epitomises our ethos.
Q: What is this?
This is Spera Bank. The word ‘Spera’ is Latin for trust and we believe that this name epitomises our ethos:
“Our aim for this bank is to make Orbis a good environment for investors again - so that they can again trust in institutions like ours, without fear of their money being stolen or scammed. Investors will be treated fairly and with respect and at the same time, their investment will be put to good use for the community, so that smaller nations and alliances can get fair loans, but with little risk to the bank. At Spera, we will not be doing multi-billion dollar loans, and will most likely not accept multi-billion dollar investments - small nations will be encouraged just as much as large ones to invest, and both will reap the rewards. We appreciate that this will be hard, but we feel that it will be for the good of Orbis if this environment can be established again and we will do all that we can for that to become possible.”
Here at Spera we pride ourselves on our integrity, equitableness and outstanding customer service. We also value the privacy of all of our clients, whether they are investors or loanees. Yet above all, we place huge value on transparency, therefore we will provide weekly, monthly and quarterly updates on all of our operations.
Q: How do I invest in Spera?
If you're asking about how to invest money into our bank, there are three ways you can do so. You can purchase Zero-Coupon Bonds (when available), deposit money into a Savings accounts (when available), or purchase shares from existing Shareholders.
When Spera underwent its IPO, it did so with the understanding that while a total of 5 million shares would be made available, an additional 5 million shares could be released without the bank undergoing any share splits or buy-backs. There currently only exists a total of 5 million shares, however, the opportunity does exist for the bank to have up to a total of 10 million shares in existence. On 19th April, a reverse split was conducted, where every 1000 shares, both the ones in existence and the potential additional shares, were merged into a single share. A second reverse split was conducted on 19th June, where every 5 shares, both the ones in existence and the potential additional shares, were merged into a single share. That means that a total of 1,000 shares now exist, with a potential for an additional 1,000 shares.
Q: That’s all well and good, but how can I trust you?
Spera Bank was created with the mantra and guiding principles, to be honest, open, and fair in all of our dealings. We utilize multiple, secure locations thoroughly vetted from top alliances and companies to store our funds. We are led by our Shareholders, and ultimately our Shareholders are the biggest reason for our success. We have multiple safeguards in place to ensure that there is significantly reduced risk to investors, however, the nature of the banking and lending industry is that sometimes, bad people happen. We can do all of our due diligence on a customer, and then they can go and delete themselves or find their pockets picked so completely that not even lint remains. We have policies, procedures, and systems in place to mitigate these issues.
Q: How do I make money from my investment?
- If you've taken the awesome step of becoming a Spera Bank Shareholder, then you earn dividends. Spera pays up to 50% of its profits as dividends proportionally to its Shareholders monthly. The dividends from the previous month are paid on the first Monday immediately following the Shareholders Meeting.
- Investors who have chosen to purchase Zero-Coupon Bonds will receive their original investment plus the interest at the maturity date of their bond. There are no intermediate payments.
- Patrons who choose to open savings accounts with us receive monthly interest paid on the balance of their account balance. We follow the novel practice of paying interest on the average balance for the entire month. This discourages dishonest and generally negative individuals from depositing large balances at the end of the month and then trying to withdraw them at the beginning of the month.
Q: Can I get a Loan?
Of course! Pretty much everyone is eligible for a loan (the amount does depend on a number of factors though, for more info, please see the lending page). The interest rates are extremely competitive and you will find that they are often better than any of the other banks in Orbis. If you have any questions at all about taking out a loan, please reach out to someone from Bank Management on our Bank Discord.
Q: Do you do Savings Accounts?
Somtimes yes. We have three different types of Savings Accounts and two different terms for Bonds. Anyone who wants to keep their money safe outside of a traditional alliance bank, still make some money off that money, and also be able to access it on a regular basis would likely prefer an Rapid Access Savings account. For our more traditional savers, we offer a better rate. We guarantee 7-day turnaround to access 25% of the total funds, and 14-day turnaround to access the remaining portion. That's the Standard Access Savings account. The third type, the Employee Savings account, is for Spera Bank's employers and our corporate partners to be able to distribute paychecks safely through Spera. It's important to note that savings and bonds are considered a liability, meaning it's something the bank owes back out. For that reason, we only offer these products when we have a genuine use for the money that will offset the losses.