Chapter 514： London Gold

Hearing this question, Liu Tianci couldn't help but smile. Since taking charge of Jiuding Bank, what makes him most happy is the soaring number of account openings and deposits every day. These two things are the foundation of a bank.

"Chairman, thanks to the funds cooperating with Jiuding Securities and the attractiveness of high deposit rates, since its opening, the daily business volume has been in a state of fullness. At present, the bank has 218,000 accounts, except for the Jiuding Consortium. Except for a series of company deposits, the remaining deposit amount has reached 1.15 billion Hong Kong dollars!"

Liu Tianci said, his tone was slightly excited.

"it is good!"

Hearing these two numbers, Xia Yu couldn't help but applaud Liu Tianci by touching his palm, smiling full of appreciation, and his eyes full of admiration.

Xia Yu can still remember that when the Guang'an Bank was acquired, the total deposit was only about 200 million Hong Kong dollars.

It has only been a long time since the deposit of non-Jiuding Group alone has reached 1.15 billion, which is more than five times that of Jiuding Bank's development speed!

If this internal data is exposed, I don't know how many banks will be jealous!

When he was happy, Xia Yu's heart moved, he wanted to know the amount of deposits in Jiuding Bank, Jiuding Company.

There are too many companies and the income and expenditure are complicated. It is impossible for him to check one by one and then count, and a lot of the money is the money that has not been processed to pay for the business and is temporarily placed in each company account, so he does not know that it is excusable .

However, since Xia Yu has set a requirement that the funds of each company go to Jiuding Bank’s account, it is Jiuding Bank to say which company knows the flow of funds of the entire consortium.

Therefore, out of curiosity, Xia Yu asked: "God's gift, plus the demand deposits of brother companies, how much money is in the bank account?"

Liu Tianci is so familiar with this number, he blurted out: "The brother company has a total demand deposit of 470 million Hong Kong dollars, and the total bank deposit is 1.62 billion Hong Kong dollars!"

"I have specifically learned that among all the domestic and foreign banks in Hong Kong, our bank's deposit amount can be ranked about 20th."

Xia Yu's eyes were slightly bright, and he smiled and nodded, very satisfied.

There are too many local banks and foreign banks in Hong Kong. Jiuding Bank ranks twentieth only by deposits. It is already a large bank. Even if it ranks at the end of a large bank, it is still a large bank.

How long did it take to rush from a small bank when Guang'an Bank was first transformed to a large bank, and the growth rate is still rapid, how can Xia Yu be dissatisfied?

"But the chairman, although there are so many deposits, it is still not enough. The capital needs of other brother companies are too great."

Liu Tianci narrowed his smile and reported to Xia Yu with a slightly serious expression.

Xia Yu nodded slightly to express his understanding. If nothing else, just a Jiuding Real Estate Group, if you let go of your hands and feet to start a project and get the land, Jiuding Bank will not be enough to lend all your deposits to Jiuding Real Estate Group!

This is the case in the real estate industry. If you want to become bigger and stronger, you must have a powerful bank as its backing.

"This is not anxious, deposits are absorbed step by step, and the brother company should take the loan. If it can't stand it, let the brother company find another bank. After all, Jiuding Bank has just started, and the shortcomings of the capital are understandable, and it is not qualified. Digest all business internally."

Xia Yu said softly.

Liu Tianci nodded, thought about it, and said, "Chairman, I have some ideas, you can see if it is okay!"

Xia Yu raised his brows and slanted slightly, and said with interest: "Let's talk."

"Although the step-by-step development is stable, I think our bank can speed up the development."

"Generally, banks must ensure the adequacy of liquidity to deal with unexpected runs. In addition, they must ensure that loans are given to benign companies as much as possible and can be recovered on schedule to avoid the risk of loss."

"But our bank is different. As a consortium's capital turnover platform, it can deploy the demand deposits of various companies at any time, and has the signboard of the consortium. The possibility of a run on the issue is almost zero."

"As for the loan risk, it is also very small. The bank's funds are given priority to serve the brother companies. Each company is an extremely high-quality company. I believe that you are in control of the chairman and there will be no problems."

"So these two risks that other banks are generally worried about do not exist in our bank. I think our bank can expand at a faster pace than other banks."

Xia Yu nodded and said, "What you said makes sense, then how are you going to expand quickly?"

Liu Tianci solemnly uttered six words: "Buy other banks!"

Xia Yu condensed his eyes slightly, looked at Liu Tianci's firm and calm gaze, nodded slightly, and commented: "You have a good idea. As long as you choose the right acquisition target, you can indeed achieve a rapid increase in bank assets in the short term."

There is a difference between bank assets and ordinary company assets.

The assets of ordinary companies are self-owned assets, but there are many types of bank assets, but they can be summarized as their own net assets and management assets.

Own net assets refer to the physical assets and profits owned by the bank itself, which are generally very small.

But the management of assets is different, including deposits of depositors, assets pledged by bank loans, and forcible recovery of deducted assets after loans are not collected.

Generally speaking, if a well-developed bank has 10 billion assets under management, then the value of this bank is 1.5-6 billion, even if it is well developed.

If it is a bank with poor profitability, its value is estimated to be about one-tenth of its total assets.

Therefore, Jiuding Bank can spend 100 million Hong Kong dollars to purchase a bank, and it is not a problem to make its management assets soar by 6.7 billion.

When acquiring a bank worth 100 million, Jiuding Bank’s value growth will definitely exceed 100 million Hong Kong dollars. As long as the merger is done properly, it is easy to achieve a result of 1+3>5. This is why many companies in the world like mergers and acquisitions.

The previous Cisco company relied on frantic mergers and acquisitions, and each merger brought the company's strength to one or several steps, and finally stepped onto the throne of the world's first company.

Therefore, Xia Yu definitely supports Liu Tianci's ideas.

However, now is not the right time!

Therefore, Xia Yu shook his head. When Liu Tianci was disappointed, Xia Yu said: "Tianci, your idea is good, I definitely support it, but at this time, it is not suitable for mergers and acquisitions. Banks’ funds are more suitable. , More valuable than M&A companies!"

Liu Tianci lifted his spirits, looked at Xia Yu expectantly, and asked: "Chairman, please instruct!"

Xia Yu narrowed his eyes, and said every word: "London Gold!"

Liu Tianci was taken aback for a moment, then reacted, and asked with some uncertainty: "You mean the price of gold is going to soar in the near future?"

Xia Yu nodded and said: "Yes!"

Liu Tianci frowned when he heard the words, and fell into thinking.