in front of him, Zhao Xuanji said his name. The namemay not be known by many people in the capital.but in the state of Liao and even the important border defense towns near the crescent pass, it is li...Chapter 1657 Bank Operation

"there are also some smarter people who are afraid that they will withdraw too much money and will be targeted, so they take silver tickets to banks in several provinces to exchange their semicolons separately, but they do not know that banks everywhere will collect their accounts every day. Within five days at the latest, the accounts of any semicolon in the country will converge to the capital. Their small abacus can be easily seen at a glance."

listening to Liu Sichun's tone full of dissatisfaction, the shopkeeper asked carefully, "Boss Liu, do you need to restrict withdrawals"

without thinking about it, Liu Sichun immediately refused: "you can't limit it. They can take as much as they want. Once the withdrawal is restricted, the news will leak out, which will inevitably cause panic among the people. At that time, once a bank run is triggered, the bank will be in trouble."

the word "run" is too fresh for the shopkeeper to understand, but combined with the meaning of the context, he can guess a rough idea.

in fact, even Liu Sichun learned the word run from Li Chen.

before Li Chen left the capital, he specifically told her many things, including preventing a bank run.

it seems that Li Chen expected that if bad news came from the front, it would lead to problems on the bank's side, so Li Chen left many plans specifically to teach Liu Sichun to deal with various situations.

seeing Liu Sichun's opposition, the shopkeeper naturally shut up.

Liu Sichun continues to read the ledger.

after skimming through the ledger, Liu Sichun quickly calculated in his head and came up with a set of figures.

"at present, the total deposits of banks across the country are about 86.502 million, while the cash inventory is only 33.002 million, of which more than 2200 million taels have been lent."

"and lending will inevitably lead to bad debts, but we can recover bad debts through local government services, so the loss is not great, but it is inevitable that borrowers go missing, die, and are indeed unable to repay. This part of the loan accounts for about one or two thousandths of the total loan size, which is barely acceptable."

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"with more than 8600 million taels of deposits, we have to pay nearly 32000 of interest every month, and the profit we can get from lending is about 82000 a month. After deducting one or two thousandths of the loss of bad debts, excluding the staff salaries and other costs of banks across the country, the whole bank can maintain a surplus of about 12000 a month."

the shopkeeper was amazed when he listened to the accounts calculated by Liu Sichun.

"Boss Liu is really smart." The shopkeeper said bong Cheng.

shaking his head, Liu Sichun said: "opening such a big stall, earning 12000 yuan a month is actually almost equivalent to making no money at all. But according to your Highness, the most fundamental purpose of the bank is not to make money, but to lend money, invigorate the operation of private businessmen's funds, and make the whole world's commerce flourish. Only in this way can the court obtain greater tax revenue. This is the fundamental purpose for which the bank was established. " The

shopkeeper immediately said, "indeed, many business friends around the villain like to come to our bank to borrow money. On the one hand, the procedure is convenient, and on the other hand, there is a court endorsement. The process is transparent and simple. The most important thing is that the interest rate is much lower than that of other private banks."

Liu Sichun sighed: "your Highness said that if war were not inevitable, it would be absolutely impossible to move banks now. Banks have just developed, and they are still young and weak, and they cannot withstand any risks. Once they are seriously affected, it will be extremely difficult to establish trust in the minds of the people."t foot on, lest they should be listed as a cabinet faction in the Eastern Palace, so as to suffer a blow. If this goes on, the cabinet will surely exist in name only."Fu Yuzhi said with a wry smile, "...