EBANK is a player owned and operated bank. It offered interest bearing savings/checking accounts, shared accounts, loans, and other services. It is currently the largest player owned bank in EVE's rich secondary market, with almost 7,000 users. Incoming payments, which are also used in account creation, are updated automatically through the API, while withdrawals were requested via the website and were handled manually by one of several tellers.
Early in 2009, the then CEO EBANK Ricdic embezzled 250 billion ISK for the purposes of RMT, apparently to help pay rising medical bills for his son. CCP took action against Ricdic's account and the bank appeared unaffected.
Currently the bank is entirely frozen after it emerged that the bank was over a trillion ISK in deficit (forum thread). The cause cited was mismanagement by ex-CEO Ricdic, combined with a lack of detailed reporting tools. The bank has pledged to reopen in around a year's time when they have sufficiently recovered from the deficit and become a profitable organisation once more.
Board of Directors
EBANK is governed by a board of directors including many market veterans.
EBANK produced an annual report detailing its financial performance and future plans. The first report was released to the public October 2008 via the market discussion forums.
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