Generally, as a Full Reserve Bank, ORO Bank maintains a reserve equal to the total deposits, ensuring that all customer’s funds are secured. However, the customers will then transfer their monies from the full reserve account to a separate investment account for the Gelephu International Airport Fixed-Term Deposits which matures in 10 years on December 31st, 2034. ORO Bank will then purchase a corresponding 10-year bond issued by the Gelephu Investment and Development Corporation (GIDC). GIDC can then leverage on the funds raised from the issuance of this Gelephu International Airport Bond for the growth and development of the Gelephu International Airport through established protocols that comply with regulatory requirements, ensuring transparency and security.
Updated over a month ago