Doomsday Code

Chapter 470 Debate on Bank Development

Huidun just nodded lightly, and then he glanced at the stack of financial reports in the general manager's hand.

When the general manager saw Huidun looking at the financial report in his hand, he quickly handed it over and said:

"Boss, please take a look. This is this month's financial report. Our bank's savings and revenue growth this month has exceeded 500%. The bank's vault now has 34,626,708 gold in savings."

The general manager has a very clear memory for numbers, and Huidun can get a rough idea without even looking at the financial report in his hand.

It was precisely because of his characteristics that he was appointed by Huidun to the most important bank in the royal capital.

If he ascends to the throne in the future, this Wangdu Bank will become the head office, and this guy is also the talent he has chosen to operate the bank in the future.

However, the current situation shows that he is more suitable to be a financial businessman rather than a manager.

Seeing Huidun's increasingly gloomy expression, the general manager's voice became lower and lower, and he no longer had the excitement he had at the beginning.

Just before Huidun lost his temper, Chen Cheng spoke first.

Chen Cheng did not show any anger. Instead, he looked at him with an eye that showed he valued talent and said:

"You said your bank's growth was over 500 percent. How many percentage points did savings account for?"

Speaking of this, the general manager became proud again.

"Advisor, we are also among the top in terms of savings growth. This month's growth accounts for 40% of our total growth."

"Oh, 40 percent, which is 200 percent. This is indeed among the best in all branches."

Then Chen Cheng's tone changed again:

"But have you ever carefully read the bank's regulations? It clearly states that the most important thing for banks nowadays is to expand their savings business, not to let you engage in financial harvesting."

However, the general manager shook his head and said:

“I don’t agree with your point of view, advisor. Depositors are very important to us, but the essence of opening a bank is not to keep their gold bars buried underground, but to quickly harvest the wealth in the market and concentrate it.

With the size of our bank today, if we only focus on savings, then based on the interest rate, we will be out of pocket in a few years.”

Before this, Chen Cheng thought that this fat general manager was a financial bully, but he didn't expect that he would have such insights.

Seeing Chen Cheng's look, the general manager paused.

"Don't stop, keep talking."

Chen Cheng was not being sarcastic, but really wanted to hear the opinions of this talented person who had worked in the Ministry of Finance on banks.

Seeing that Huidun didn't say anything, he continued:

"I also learned about the birth of the bank. It can be said that the birth of the head office was completely the product of various accidental factors. It took advantage of the opportunity of the disaster beast tide and the reconstruction of Huidun City to force the stranded merchant groups to sign the subscription vouchers.

To be honest, this was a very rough behavior, but of course it was the best way at the time.

But now that banks have developed, if you want to use that method again, unless the boss can be the only one, the bank will collapse in a short time."

Chen Cheng also asked at this time:

"Why do you say that? Even if the worst bank run happens now, I believe the bank will be able to survive it."

However, the general manager shook his head and said:

"Of course, we can survive a run on our bank accounts with our current funds, but there is one thing we must not forget. Before the boss gains absolute power, there is a limit to the perfume and other businesses that our bank has pledged with the trust of those merchant groups."

As he spoke, the general manager began to calculate the sales amount of the perfume for the two of them.

"The production process and transportation of perfume have already restricted him, so we can calculate this account, and those people from the big business groups can also calculate it.

Once they can calculate in our financial statements that we have exceeded the limit of these mortgage businesses, they will definitely strike back at us.”

After saying this, the general manager looked at Huidun and the other person.

At this time, Huidun's face was no longer gloomy, and Chen Cheng also smiled and said:

"Her Royal Highness the Countess and Princess has invested a lot of money to recruit such a talented person for you."

Then Chen Cheng looked at the general manager and said:

"I didn't even ask your name."

"Hello, Counselor. My name is Berg."

"Berg, what you just said is correct, but you are wrong about one thing. For a healthy bank, what is important is not how much money it can make, but how many depositors it has.

As long as there are enough depositors, the bank’s total risk is not the bank’s risk, but the risk of all depositors.

Your financial harvest cannot be said to be a mistake, but now is not the right time. "

“As you said, the Earl is not in that position yet, so you are undoubtedly alerting the enemy and making those big fat sheep stay away from the bank.

And as you said, there will be a large-scale run on the bank. Actually, we don’t have to be afraid of that nowadays.”

“If you are an ordinary person, you can deposit your money with us and you don’t have to work, but you can get a stable income of 1% to 3% every month.

If you are an ordinary person, would you rather throw away this money that looks like it was picked up, or take out your own money and leave it at home to gather dust?"

Chen Cheng's question stumped Berg.

He is certainly not an ordinary person, and his monthly salary is a huge sum.

So I don’t feel much about this few percent of money.

But it is different for ordinary people who work hard. This small percentage of income, accumulated over a year, may be equivalent to half a month's income for him.

It might be just the food money for his family for a month.

Which ordinary person wouldn't want such easy money?

Chen Cheng patted Berg on the shoulder and said:

"You have a good idea. The Earl also needs financial talents like you, but sometimes you have to humble yourself and look down.

Although those ordinary people may only have a few coppers and silvers in savings, don't forget that their number is counted in tens of millions.

And don’t just look at their meager savings, but also look at the power they contain. If we can attract them all to the banking system, then even if those business groups do whatever they want, we will still be able to stand firm.”

"I've learned my lesson. I was wrong this time."

Berg quickly admitted his mistake.

Huidun nodded at this time and said:

"Listen to what Brown just said. This is only the first time, but I hope that the next time I come, it will not be the same as today. The financial report you give me will also show that savings are greater than revenue."