Kazulia's banks need little convincing the see the value of expanding outside of their home market. Kazulia's financial services
market is the most high developed in the Northern Hemisphere and potential in the wider world, being predominantly dominated by
the "Big Four"; the HKBC, SP Financial Holdings, Taikon Financial and Fairisles. With the clear intention of business owners to
expand their business links outside of Kazulia, the roll out of the banking corporations tallied well with the commercial
expansion. "Kazulian banks have recognised that the key to their continued growth is expansion outside of Kazulia's borders,"
says Lorena De Fusco, head of Majatran Banks at Kazulsk Credit Ratings. One banking firm that has taken this principle to heart
is the Hutorian-Kazulian Banking Corporation (HKBC). HKBC was the first banking corporation to expand outside of Kazulia with its
first foreign office in Baltusia through HKBC FirstBaltusian Bank of Commerce. Although the company, throughout the history of
its international expansion has noted that the journey had been difficult, however revenues are soaring especially in its foreign
operations and analysts have stated that the investments associated with the expansions into certain regions are worth more than
the risk, with the potential for further international expansion planned. One of the most particular markets Kazulian banks are
seeing major potential in is the Coburan market: HKBC recently bought a bankrupt banking firm in Sharba and is in the process of
buying another five banking firms in the nation to form a network throughout the nation. Fairisles in particular which is
transitioning itself away from financial services to a general commodities investment firm, has announced that it intends on
rolling out a multi-billion dollar fund which it intends on using to invest into businesses throughout the Majatran continent.
However, the economic freedom of firms such as HKBC and Fairisles are not shared with SP Financial Holdings and Taikon Financial.
Unlike HKBC and Fairisles, Taikon and SP are not able to fully fund their own operations, even with the financial support of the
SP Group behind SP Financial Holdings. This mainly due to the fact that in a similar manner, unlike HKBC and Fairisles, Taikon
and SP Financial do not hold more deposits than loans and as such has led to led to the banks being seen as a more risky
proposition than the HKBC and Fairisles by investors and customers. Analysts have warned that the bumper growth could come at a
major cost, especially to Taikon Financial and SP Financial Holdings. Ms De Fusco noted that whereas HKBC and Fairisles have the
financial backing to conduct aggressive acquisitions, SP Financial Holdings and Taikon Financial has to be extremely careful as
repeated acquisitions to put pressure on the banks' reserves at a time hen capitalisation is becoming problematic. She noted that
the region along with third world Dovani has generally high rates of bad loans, concentration risk due to a small number of
corporate lenders and political uncertainty. Director of Majatran Markets of SP Financial Holdings, Tijl van den Bovenkamp stated
that although the risk was high, the margin for profit was massive, especially amidst the oil and natural gas industries of the
various nations seeking to add capital to the industry. Apart from the activities of the two banking corporations, as mentioned
prior HKBC had acquired a Sharba-based banking firm in an agreement worth some 10.6 billion dollars. The all-stock agreement puts
the ambitious banking corporation in an extremely manoeuvrable position within the Coburan market.
Group Chairman of HKBC Group, Per Tollefsrud stated that the company had great intentions of transforming Sharba into a major
financial centre in Majatra. Tollefsrud stated that aside from Romula, Belgae and Wiel, Sharba had major potential to be aligned
as a major financial centre. Tollefsrud noted that although Wiel had remained a financial centre in the eyes of some business
firms, it was losing its competitive edge quickly. Tollefsrud continued by noting that due to government inaction and a lack of
economic reform in the Vanukean nation, the Wiel Financial Hub could be replaced by either a financial hub in Romula or Sharba.
Tollefsrud stated that HKBC would be opening a corporate office in Sharba to base its operations in the region. He stated that
the choice was up to the governments in both Romula and Sharba to make the necessary reforms to make a financial hub in Romula
and Sharba a possibility.
Alternex Verdalros and the Alorian Ports Group have established a joint venture to build and operate a huge coal terminal at
Aloria's west coast Port of Sildar Urbem. The joint venture will focus on the investment and construction of two
50,000,000-tonnes per annum specialised coal terminals at Sildar Urbem Port, with total designed annual handling capacity of 100m
tonnes. Alternex Verdalros requested the joint venture to move transportation of coal resources away from dorvik as it is
becoming too costly to the company. Since Alternex Verdalros' takeover of the Alorian Coal Board, coal has been extracted from
Alorian mines and moved to Dorvik via truck where it would load via Verdalros' coal terminal in Westmark and transported to
Kazulia and other places around the world where Alternex Verdalros is a supplier of coal, mainly to power generation plants. "We
are involved in everything from the financing to the construction to operation," said CEO of the recently re-branded Alternex
Verdalros Aloria, Carwyn Sealy. Under the contract with the APG, Alternex Verdalros Aloria is expected to construct the terminal
within 32 months and the total project cost is estimated at $500 million, said Mr. Sealy. Some 500 jobs are expected to be
created at the terminal with some 2,000 jobs to come out of the construction process. For Alternex Verdalros BCC, the contract is
specific to the port project in that it will only handle coal destined for Eastern Dovani and Artania, which can be operated as a
dual- powered plant. The facility currently runs on fuel oils but after the terminal is built will also be able to be fired by
coal. Its six units each have a power-generating capacity of 350 megawatts. The terminals will have 10 specialised coal berths,
including one 50,000-tonne berth, two 70,000-tonne berths and two 100,000-tonne berths for phase six and phase seven
respectively.
"For us this project is not a port project, it's a complete system for handling coal," Mr. Sealy that the terminal will be
exclusively dedicated to coal movements. "It's not our job just to manage a normal port (terminal) and handle some other types of
materials." Although Alternex Verdalros Aloria has been in Aloria for around two decades and has moved coal shipments to Dorvik
(as mentioned prior), the new contract is its first major port- related venture. Unlike other corporations Alternex Verdalros
Aloria does not have to buy coal from the international markets as it own the majority of Aloria's mines and alongside a
private-public partnership, it is partially responsible for financing coal exports in the nation. Companies that handle export
coal through ports in Dorvik are interested in developments at Sildar Urbem. "We want to look at it," said Lodwich Von Kúnßhain,
vice president and general manager of the Zÿmern Export Terminal which is currently under construction but when completed will
have a capacity for handling 10 million metric tons. ZET, as the terminal is known, will be the largest coal terminal on the
Artanian continent, located in Dorvik and is working with producers to export cleaner-burning steam coal. Von Kúnßhain noted that
whilst the prospects for coal exportation in Aloria is massive, he noted that until the terminal in Aloria becomes operations,
Dorvik remains the key gateway for coal exportation out of the region. He believes that Alternex Verdalros will continue to
extract and market inexpensive coal coming from the third world (Eastern Dovani) which could make it difficult for some companies
to compete against the company in emerging markets. Companies at Rutania's Port of Feynport are also eyeing the Sildar Urbem
project especially amidst concerns that Alternex Verdalros is currently in negotiations with the Rutanian Government to acquire
space for a terminal in the port.
The construction of the coal port in Aloria would significantly cut transportation costs for the company. Currently we
extract coal, load them into containers and transport them to Dorvik via truck where they are loaded onto cargo vessels and
shipped throughout the world to our buyers. The construction of this coal terminal will allow for us to ship coal directly to our
customers throughout the world without having to rely on the costly transportation and logistics of moving the extracted coal
from Aloria to Dorvik for transportation outside of the region. Through the construction of this terminal we could bring in
significant cargo traffic into Aloria. The aim is to make our coal mining operations in Aloria as independent as possible, thus
we are also seeking to construct a power station in Sildar Urbem to power one of our mines in the province. However we are still
in negotiations with the Alorian Government on the construction and operation of such a power station.