January 31, 2022 – Another clear indication that the economy of Mount Vema is gaining momentum. The Royal Mount Vema Reserve Bank has authorized the Bank of Mount Vema (The Central Bank) to start processing applications for banking licenses.
This time the Reserve Bank was very specific in the number of licenses it intends to issue through the Bank of Mount Vema and that number is likely to remain for the foreseeable future, or at least for the next 50 years there will be no new banking license issued.
The licenses to be issued are as follows, commercial banks (4 licenses), private banks (2 licenses), direct and internet-only banks (2 licenses), acquiring banks (1 license), investment banks (3 licenses).
These are the types and number of licenses that according to the Reserve Bank will be sufficient to maintain a new market such as the one created as result of the creation of the Kingdom of Mount Vema which is growing to become a market with global activities worth trillions in foreign exchange.
The successful applicants according to the Reserve Bank will play a key role in the evolution of the Kingdom aiming to reduce poverty through job creation worldwide, and become a global player, making real difference in the lives of many people with a license to raise capital, issue own banking instruments such as bonds, letters of credit, grant loans, grant mortgages, make a profit, and more with the support of the Bank of Mount Vema.
More information about the license: See Mount Vema Banking License
How to Apply – More information: See Bank of Mount Vema