Sections

CCP "well isolated" from Icelandic banking woes

Eve Online developer underlines global customer base and financial "agility"

CCP Games CEO Hilmar Petursson has taken steps to reassure the community of its space-based MMO title, Eve Online, that the company remains untroubled by the banking woes facing its native Iceland.

During the current financial downturn the Icelandic government has nationalised banks in the country, causing a degree of international consternation, but Petursson was quick to play down any effect that could have on CCP.

"CCP is fortunate enough to be well isolated from the current banking crisis we see around us on both sides of the Atlantic (and here in the middle of it, of course)," he said. "Not only do we enjoy the privilege of a global customer base bringing a diverse array of cultural influences into our single shard world of EVE Online, but that same diverse nature inoculates us from short-term fluctuations in sentiment or economic turbulence.

"We have also made an effort to work with various financial institutions around the world, giving us the agility needed to manage our global operations around the effects of the credit crunch.

"The effects of this manmade financial storm have hit Iceland pretty hard, but don't worry about us. Icelanders are sturdy and tenacious by nature. There will still be fun times in Reykjavik regardless.

"Tough times never last, tough people do. Iceland is full of tough people, the rest died off centuries ago. While the world's bank bubble deflates (hopefully in a more orderly fashion than we have seen so far), we here at CCP focus on our own economy."

The company is currently gearing up for its annual Fanfest event, which will take place in early November, and will include a first look for fans at the forthcoming 'Walking in Stations' addition to Eve Online.

More stories

Banned Republican politician restored to EVE Online council following investigation

“We made a mistake here and we offer our formal apologies,” says CCP Games

By Haydn Taylor

CCP Games: EVE Online's tech is "absolutely at its breaking edge"

At Reboot Develop, Hilmar Petursson detailed CCP's plans to keep pace with the huge battles staged by EVE's remarkable community

By Matthew Handrahan

Latest comments

Sign in to contribute

Need an account? Register now.