Vludbank
| File:Vludbank.png Vludbank's Vyvland logo since 2008 | |
| Public limited company | |
| Traded as | VVE:VB |
| Industry | Banking, Financial services |
| Founded | 1820 as Kohsen & Sns. 1952 as Vludbank |
| Headquarters | , |
Area served | International |
Key people | Syrn Genter (Chairman) Vylkurt Firud-Lyssen (CEO) |
| Revenue | µ32.6 billion |
| µ2.11 billion | |
Number of employees | 97,759 |
| Subsidiaries | Sydlig Mefliveng, HDV |
Vludbank is an international banking and financial services company headquartered in Vlud, Vyvland, from where the bank gets its name. It is the largest banking company in Vyvland by annual revenue and profit, while also being the largest company headquartered in Vyvland.
The largest centres of operation of Vludbank are Luziyca and Vyvland, in which it is the largest and third-largest bank respectively. Other significant operations include in Swilatia and Nevanmaa. Vludbank AK also holds multiple subsidiary banks, including Sydlig Mefliveng and HDV. Main competitors include Unibank and Vivabank internationally, Nazonal Bank and Vyvluder Ynidbank in Vyvland, and Coinstar in Luziyca.
History
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Vludbank originated in 1952 as a merger between one large Vyvlander bank, Kohsen & Sohns, and two smaller ones, Syfvluds Bank and Ynion-Gerrurd, itself a merger of two banks. All of the banks were headquartered in Vlud, then the capital city of North Vyvland, and the new company thus chose to name itself after the city, which is Vyvland's main financial centre owing to a series of localised deregulations known as the Vlud Laws.
Kohsen & Sohns already operated in Luziyca under the subsidiary KSL, although the company was merged into the Vludbank brand during a major expansion of Luziycan operations in the 1960s which saw it become the third-largest bank in the country, a position which it retains to this day. The period from 1960 to 1980 also saw a massive expansion in operations overseas, including to countries such as Swilatia, followed by a domestic expansion in the wake of Vyvlander reunification. In 1986, Vludbank outpaced the ailing oil company Vyvluder Ol to become the largest Vyvland-based company by revenue, having secured the largest profits of any Vyvlander company ten years earlier.
Operations
Vludbank has 10,500 branches across all its operating countries, with 1100 of those being in Vyvland. It provides retail banking facilities to general customers, while also having an investment banking arm, Vludbank Invest, and a financial services arm, Vludbank Financ, which deals with asset and portfolio management in addition to various other financial services.
Controversies
Underpayment of workers
Seventeen branches of Vludbank in Kofeiya were discovered in 2002 to be paying little (roughly 4 senti per day) or, in some cases, no wages to their employees, constrasting with the management of the company, in which fifty people were paid salaries of over µ 1 million.
Operations in certain countries
Vludbank has also been criticised within Vyvland for operating in Nevanmaa, and thus being complicit in the upholding of the country's widely condemned racial laws and outlawing of leftwing political activity. CEO Vylkurt Firud-Lyssen denies lending any money to those known to have connections to organisations in support of the laws, and the company donates 1% of Nevan profits to charities advocating the repeal of the racial laws. However, in 2011, a loan to Hannu Kaukola, current Director-General of the Nevan Royal Bureau of Racial Purity, was revealed as having taken place.