Difference between revisions of "Spera Bank Financial Outlook"

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''Spera stands for trust, and the best way we can continue to honour that commitment is by being transparent. Transparency, to our stakeholders, to our clients, to our partners, and even to our rivals, is paramount to guaranteeing our continued success. We aim to be a leader in the banking world in Orbis.''
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{{:Navbar/Spera}}''Spera stands for trust, and the best way we can continue to honour that commitment is by being transparent. Transparency, to our stakeholders, to our clients, to our partners, and even to our rivals, is paramount to guaranteeing our continued success. We aim to be a leader in the banking world in Orbis.''
  
At each month's Board Meeting, it is the responsibility of the Senior Management Team to provide to the Shareholders a summary of the bank's finances. These numbers are reported for the preceding month (February's board meeting reported January's status.)
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At each month's Board Meeting, it is the responsibility of the [[Spera_Bank_Leadership_Team#Senior_Management_Team_.28fmrly._SELT.29|Senior Management Team]] to provide to the Shareholders a summary of the bank's finances from the previous month (February's board meeting reported January's status). We make these numbers available publicly.
  
 
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{| class="wikitable sortable" style="margin: auto;text-align: right;
 
 
{| class="wikitable sortable"
 
 
|-
 
|-
! Month           !! Loaned Money !! Loan Repayments Received !! Rainy Day Fund* !! Bonds & Savings !!Liquid**  !! Total Profit***
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! Month                                   !! Loaned  !! Received Payments !! Rainy Day !! Savings & Bonds !! Liquid !! Total Profit  
 
|-
 
|-
| December 2019   ||         2,090 ||                     801 ||           1,000 ||             0 || 1,014 ||  96 ||
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| style="text-align: left; | December 2019 ||   2,090 ||               801 ||     1,000 ||       0 || 1,014 ||  96
 
|-
 
|-
| January 2020     ||         1,095 ||                   1,150 ||           1,000 ||             0 ||  310  ||  93 ||
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| style="text-align: left; | January 2020 ||   1,095 ||             1,150 ||     1,000 ||       0 ||   310 ||  93
 
|-
 
|-
| February 2020****||         2,295 ||                   1,256 ||           1,000 ||           520 ||    1    || 365 ||
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| style="text-align: left; | February 2020 ||   3,758 ||             3,288 ||     1,000 ||     697 ||   691     || 512
 
|-
 
|-
| March 2020       ||               ||                         ||                 ||               ||  
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| style="text-align: left; | March 2020   ||        ||                   ||           ||         ||       ||  
 
|}
 
|}
''Note'': The above numbers are in millions ($). (eg. 1,000 is actually 1 billion). All numbers are rounded to the nearest $1m.
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A few things to be aware of with the above numbers.
* The Rainy Day Fund is money that Spera Bank has invested elsewhere, to ensure that we always have money in reserve, should it be needed.
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# All of these are in $ millions (eg. 1,000 is actually 1 billion), and they are rounded to the nearest $1m.
** At the end of the month.
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# The Rainy Day Fund is money that Spera Bank has invested externally, to guarantee that we always have the means to withstand catastrophic failures or losses.
*** Total Profit includes profit from Spera Bank, Orbis Lottery and other sources. 50% of profit is received by investors, in the form of dividends, 45% of profit is reinvested in Spera Bank (or Orbis Lottery) and 5% is set aside for the Spera Bank Employees Union (SBEU).
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# Real time numbers are not made available to protect the integrity of the Bank. We release these numbers as close to the first of the month as possible.
**** As of 19 Feb
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# Total Profitability includes all owned sources (hence the large jump in February as this was directly after the purchase of Orbis Lottery).
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# Pursuant to the [[Spera_Bank_February_2020_Executive_Committee_Meeting#Issue_5:_Revising_the_Dividends_process|February 2020 EC Revision of Dividends]], between 0-75% of profits will be distributed proportionally to the shareholders as dividends. This amount is decided on at each Shareholders Meeting.
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# Pursuant to the [[Spera Bank February 2020 Board Meeting|February 2020 Shareholders Issue 4]], an additional 5% of each month's profits are transferred from the General Operations account to the Spera Bank Employees Union to fund non-executive salaries, compensations, and related expenses.
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[[category:Spera]]
 
[[category:Spera]]

Latest revision as of 07:21, 13 March 2020

SperaBankLogo.Black.png
Leadership Team Board of Trustees FAQ Voting Record
Savings Accounts :: Bonds :: Loans :: Annuities :: Balance Sheet :: Jobs

Spera stands for trust, and the best way we can continue to honour that commitment is by being transparent. Transparency, to our stakeholders, to our clients, to our partners, and even to our rivals, is paramount to guaranteeing our continued success. We aim to be a leader in the banking world in Orbis.

At each month's Board Meeting, it is the responsibility of the Senior Management Team to provide to the Shareholders a summary of the bank's finances from the previous month (February's board meeting reported January's status). We make these numbers available publicly.

Month Loaned Received Payments Rainy Day Savings & Bonds Liquid Total Profit
December 2019 2,090 801 1,000 0 1,014 96
January 2020 1,095 1,150 1,000 0 310 93
February 2020 3,758 3,288 1,000 697 691 512
March 2020

A few things to be aware of with the above numbers.

  1. All of these are in $ millions (eg. 1,000 is actually 1 billion), and they are rounded to the nearest $1m.
  2. The Rainy Day Fund is money that Spera Bank has invested externally, to guarantee that we always have the means to withstand catastrophic failures or losses.
  3. Real time numbers are not made available to protect the integrity of the Bank. We release these numbers as close to the first of the month as possible.
  4. Total Profitability includes all owned sources (hence the large jump in February as this was directly after the purchase of Orbis Lottery).
  5. Pursuant to the February 2020 EC Revision of Dividends, between 0-75% of profits will be distributed proportionally to the shareholders as dividends. This amount is decided on at each Shareholders Meeting.
  6. Pursuant to the February 2020 Shareholders Issue 4, an additional 5% of each month's profits are transferred from the General Operations account to the Spera Bank Employees Union to fund non-executive salaries, compensations, and related expenses.