Laurence Bank
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 | |
| Public | |
| Traded as | LB |
| Industry | Banking |
| Headquarters | , |
Area served | Sekidean Union |
Key people |
|
| Products | Finance and Insurance, Retail Banking |
| Revenue |  $504,000,000 (2019) |
| $20,000,000 (2021) | |
| Owner | Joseph Laurence, William Laurence Jr., George Laurence |
Number of employees | 143 (2020) |
| Subsidiaries | |
| Website | LaurenceBank.RoF |
The Laurence Bank is the largest bank in Fichmanistan. The bank was set up in 1932 by Henry Laurence with the funding from his father Ferdinand. Ferdinand Laurence made his fortune owning zinc and coal factories in the Tielo and northern Fichmanistan. The Bank currently has 3 majority shareholders; William Laurence Jr. owns 35%, George Laurence owns 15% and Joseph Laurence owns 10%. Joseph Laurence is currently his 3rd term as an MHP for the conservative party, Joseph's son Henry is currently representing his fathers interests in the company.
Both the demmand for financial services and the price of shares dropped significantly in July 2021 and have yet to recover to pre Black Sunday prices and monthly income.
| Type | Amount |
|---|---|
| Revenue | 504,000,000 |
| Net Income | 20,000,000 |
| Net Profit Margin | 3.9% |