Bank of Paloma

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Bank of Paloma
Banco de Paloma
Native name
Banco de Paloma
State-owned enterprise
IndustryBanking
Financial services
FoundedPaloma City, Paloma
(2019; 5 years ago (2019))
FounderAidan McGrath
Headquarters,
Area served
Worldwide
Key people
President and Chairman of the board
ProductsInvestment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, logistics
OwnerGovernment of Paloma
Number of employees
4
Subsidiaries

The Bank of Paloma (Banco de Paloma; often abbreviated as BOP) is a Paloman state-owned national bank headquarted in Paloma City and Salvadora. It is one of two state-owned commercial banks in Paloma. The bank is the largest bank in Paloma and one of the largest lender of Microcredit and operates mostly on Kiva.

History

Founded on 4 December 2019, the Bank of Paloma was formed by Aidan McGrath and is operated by the Paloman Government. The bank specifically was made to specialize in loans and security.

Services

The bank provides microcredit to customers with their current accounts and persons via Kiva.

Major subsidiaries

Idolas

One Idolas Dollar issued by the Bank of Paloma (Idolas)

BOP started operations in Idolas in 2021. It became a note-issuing bank in Idolas, producing and distributing the Idolas Dollar, the official currency of Idolas.