Chapter 760 - Future Bank (2/2)
“Yes, our bank’s primary business is to lenda loan to Future Group may lead to bad debt? Look at your family’s robot Xiao Lin and the Future around your wrist Do you think Future Group could go bankrupt? So please rest assured in keeping your oes bankrupt, you will never have to worry about your own deposit”
Of course, the questioning voice was not absent For example, some competitors employed experts and scholars in the finance field and stated that Future Bank’s funding ratios were too concentrated and lacked risk ement capability They questioned the security of Future Bank’s deposits
However, even if these dissonant voices existed, they were unable to stop the Group’s march into the financial industry After Future Bank announced its cooperation with the parent company, the number of depositors and total deposits increased at a visible speed By the end of March, this figure had grown to an astonishi+ng level…
“Currently, the Future Bank has 1741 lobally, and the total deposits, when converted to US Dollar, is 1121 billion based on the current exchange rate, and the loan-to-deposit ratio is 77 At present, the CEO of Future Bank has proposed to us to acquire additional funding by going public and then using the money to acquire other banks What do you think?” Xia shi+yu asked
Injecting ten billion USD into Future Bank to co the 20 billion previously injected into Celestial Trade, the group’s liquidity was pinched
“Does going publicChen asked what concerned him the most
Xia shi+yu nodded “If a listed conificant business adjusted to disclose the details of the project to the public But the disclosure is only li trade secrets can be kept confidential My suggestion is that if you just intend to use Future Bank to support the parent coo public”
After all, only a large enough scale could support the beast known as Future Group
Going public was undoubtedly the best choice for business expansion!
The financial giants, including Citibank, were all listed companies that allowed them to accelerate their expansion and squeeze their coiants such as Rothschild Bank, although very rich, had less influence than Citigroup One of the key reasons for this is that Rothschild had been extre public
In a sense, Jiang Chen was such a person, but recently he es that followed the beat of the century
In the field of finance, Jiang Chen did not have any cutting-edge technology to use At most, he would devote some effort on privacy and information security of depositors However, the depositor’s infor point for absorbing deposits If he wanted to expand the business of Future Bank in a short period of ti public was the only answer Then, he could use that oal!
“Is 30 enough?” Jiang Chen advised after a long pause
“That’s enough” Xia shi+yu nodded
“Excellent Let’s put going public aside for now I need to te policy of Future Bank andpriority to satisfy Future Group’s loan demand!”
“Okay!”