Chapter 760 - Future Bank (1/2)

Chapter 760: Future Bank

Translator: _Min_ Editor: Rundi

A company is like a beast

The er the body, the more complex the blood vessels under its skin, and naturally h the blood vessels For a company, cash is the blood that maintains its normal operation The blood vessels supply blood to the various organizations of the coh its circulation

Business expansions, business failures, strategic adjustments, and a series of other eneral, the best solution at those times would be to seek out a loan from banks, but Future Group faced a problem

The bank of Xin did not have the ability to provide transfusion for Future Group

Therefore, referring to the practices of B City Consortiu Chen decided to create a blood supplying heart for Future Group!

What wasa bank himself?

Since he decided on it, he would do it!

On the following day, the Future Group, through its subsidiary, purchased a Cali-based bank at a price of 600 htning speed The scale of Future Bank was not too large with only twenty locations in Cali It also had less than one million depositors The total amount of deposits was only 48 billion US Dollar, and the loan-to-deposit ratio was 71 with a few bad debts

Just as people were beginning to speculate on why the Future Group would acquire this small, unnah profile that it would invest ten billion US Dollar in Future Bank, and at the same time acquire 11 small and medium-sized banks located in North Aress of acquisitions was very smooth, mainly because the premium offered by Future Group made it impossible for shareholders of the banks to refuse

I work, integrating the operations of these eleven small and medium-sized banks under the same name, Future Bank It transformed itself into a lai City’s opening was still a heated topic and Future Group already made an unprecedented move With such intensive acquisitions of banks, was Future Group looking to expand into the financial ht the attention of Ah they didn’t think that Future Group would be their opponent in the financial sector, the influence on the Internet had caused the old banking giants to not take this htly

And it turned out that their worry was not without warrant

Future Bank immediately held a press conference after the coanization and announced to the reereement was to simplify the payment procedures for virtual reality content pay an account with Future Bank, Future Technology would auto ID for the individual After the identification information was verified, the individual’s account could be activated

As soon as this move was announced, the number of depositors in Future Bank rose exponentially However, what really motivated people to save money was not simplified payment procedures, but because Future Bank’s deposit interest rate was high as 1 for their chequing accounts, and the fixed-term interest rate was 4 For the vast majority of ordinary people, it was direct benefit they could see!

At the press conference, the CEO of Future bank was even more direct