Brazil's Rural Finance Cooperative, which was once famous in the Brazilian Altiplano, recently had a big event, which was not a bad thing, but a good thing: on July 1, 1680, Banco de la Plata, the fourth-ranked bank in the eastern Republic of China, and the fifth-ranked Brazilian Rural Financial Cooperative officially announced their merger to form a new public savings bank to improve its business capabilities.

After the merger, the assets and business volume of the Public Savings Bank surpassed that of the Commercial Clearing Bank, and ranked third in the country after the Northwest Reclamation Bank and the United Industrial Credit Bank. After years of deep cultivation in rural Brazil, the Brazilian Rural Financial Cooperative, a notorious financial enterprise that was blindly manipulated by the army to issue military tickets during the Portuguese War, has finally achieved positive results and has become a large-scale financial enterprise with business covering savings, credit, and import and export settlement.

Behind the Public Savings Bank, there are two other banks, the New World Friendship and Mutual Bank and the Bank of Taiwan, which are silently catching up. Because the State Administration of Precious Metals has lifted the business restrictions on all banks in one go, policy banks such as the New World Friendship and Mutual Aid Bank can also carry out deposits, loans, and import and export settlement business, and Taiwanese banks no longer have to be limited by the loan amount as before, and can operate with confidence.

The reason for this situation is mainly that after decades of development, these major banks in the Eastern Republic have gained a firm foothold in Europe, connected to the financial system of others, can easily carry out trade transfer and settlement, and all kinds of bills issued for customers are slowly accepted and recognized, especially in the Mediterranean region, the credibility and reputation of the East Bank is basically second only to the Bank of San George, the Bank of São Paulo, the Banco di Circa di Venice, and the Bank of Piazza Rialto (the East Coast Company reopened after a 20% stake, It is one of the cooperation projects between East Coast and Venice). This has nothing to do with anything else, but the increase in the national strength and influence of the East Coast is the result of years of hard work.

After the merger, Séco d'Étégeon will continue to focus on providing deposits and loans to farmers and agricultural-related companies in Brazil, which is one of their traditional turf, and will not be handed over to others. And not only will it not be handed over, but it will also make great efforts to continue to cultivate Brazil, of which Bac Ninh and Hue are the top priorities.

This time, Liu Houfei, commissioner of the Bac Ninh District Administration Office, approached the Public Savings Bank, mainly talking about providing long-term low-interest loans for newly established counties and townships and new immigrants, so as to help them become self-reliant as soon as possible, so that they can create wealth, accelerate the economic development of the region, and provide tax revenue for the government.

Today's detailed interview with Liu Houfei is Zhou Huimin, the acting president of the Public Savings Bank, a woman in her forties. In the East Coast Republic, any woman who can climb to such a high position is not simple, either her background is not simple, or her ability is not simple, and Zhou Huimin is the former.

This woman is the daughter of Zhou Shenwo, a former central boss and a member of the executive committee, and several brothers and sisters are either in politics, the military, or business, and the power is huge, and she chose to start her career in the "place where her father fought", and she has been doing it for more than 20 years, and her ability is okay, and she is a cadre who is focused on training in the financial system.

No, after the completion of the merger between Banco de la Plata and the Brazilian Rural Financial Cooperative, and the official establishment of the Public Savings Bank, Zhou Huimin was parachuted from the position of vice president of the New World Friendship and Mutual Bank, and assumed the role of the head of the third largest bank in the country, completing a first-level leap.

Liu Houfei and her are also people in the second-generation circle, and they have heard of this woman's reputation for a long time, so they naturally dare not underestimate it, and politely welcomed people to the best office of the regional administrative office, and with a few deputies and entourage, they carefully discussed the next stage of cooperation with people from the banking system.

"It's still the last time, can you help us operate a special low-interest loan of 500,000 yuan?" After meeting and greeting, Liu Houfei immediately cut to the chase and mentioned the main purpose of looking for them this time.

And the purpose of asking the Public Savings Bank to provide them with loans is also very simple, that is, to dredge the lower reaches of the Tiete River, and make use of the only dozens of kilometers of this river with a huge drop suitable for navigation, so as to develop the economy of Gaoguo County, Bowang County and some new settlements on the north bank of the river - these new settlements are: Feiru Township (located near the later Brazilian Itapura Town), Obifang Township (located near the later Oliver Flama Town), Changcen Township (located near the later South Santa Fe Town), Lezhi Township (located near the later Fernando Polis Town), Gaoxian Township (near the later Britama Town), Changli Township (near the later Pretu City of San José), Bintu Township (near the later Katandua Town), Anshi Township (near the later New Horizonte Town), Wangping Township (near the later Ibitinga Town), Lelang Township (near the later Matang Town), Baodai Township (near the later Yaboti Kabal Town), Zhuolu Township (located near the small town of Barretus in later generations) and Panquan Township (located near the small town of Guaira in later generations), a total of thirteen settlements, but there are not many people in each point, adding up to more than 20,000 people, and the economy is mainly based on logging and agriculture and animal husbandry, which is lackluster.

But even so, Liu Houfei's determination to develop the lower reaches of the Tiete River is obvious, the reason is that the traffic conditions here are acceptable, and there is no "eighteen bends of the mountain road" like the one from Bac Ninh to Changshun, and people and animals fall into the valley at normal times, let alone when it rains and is muddy and impassable. Therefore, the Bac Ninh region, which has extremely difficult to move eastward, can only target the westward direction, as can be seen from the fact that in recent years, the regional administration has allocated a large number of hard-won resettlement quotas to the west near the Paraná River basin.

Considering that in recent years, the Ministry of Communications has vigorously dredged the Paraná River waterway and built a number of locks to get a lot of investment, the navigation capacity of the Paraná River will definitely be greatly enhanced in the future, and the ability to communicate with the outside world is bound to increase year-on-year, so it is the right time to dredge the Tiete River waterway and develop the local economy.

"A loan of 500,000 yuan is not a small amount, Commissioner Liu." Zhou Huimin, president of the Public Savings Bank, turned the pen helplessly and said with a wry smile: "You know, our bank has recently been restructured, although the scale of assets has increased greatly, but the profitability is not very strong. At present, the international trade clearing business is more profitable, but it is also facing strong challenges from commercial clearing banks and has lost a lot of market share. However, the original agricultural loans of Brazilian rural financial cooperatives are too fragmented, low-interest, and long-term, and cannot bring much benefit to our banks. Therefore, if the regional bank office cannot provide a convincing guarantee or collateral, then we will probably not dare to lend, not because we are unkind, but because there are internal rules in the bank, and I cannot break the rules at will. ”

"Loans can't be done, so what about issuing bonds? You help us issue 500,000 yuan of bonds, if we can't sell them, your bank will eat the rest of the money, how about it? It seemed that he had expected the other party's reluctance to take out a loan, so Liu Houfei immediately retreated and chose a plan that was easier for them to accept, but it was just a little bit.

"Commissioner Liu, this doesn't seem to be much different from asking for a loan." Zhou Huimin immediately smiled when she heard this, only to hear her say: "It's not impossible to issue bonds, and even for the sake of everyone's cooperation for many years, we can help you issue at a very low cost, but the balance is underwritten, to be honest, we don't have much sense of security." Let me ask, Commissioner Liu, have you done the calculations, if you set up a lock on this section of the river to collect fees, how many years will it take to recover the principal and interest? ”

"It could take more than thirty years." Liu Houfei said with some embarrassment: "But the account is not calculated like this, after the canal is dredged, it may take a long time to recover the cost just by charging fees (it may be less than 30 years), but if we take into account the other benefits brought by the economic activity on both sides of the strait, the period of this return on the principal can be greatly shortened, maybe it will only take 20 years to recover the principal, maybe I am talking about the principal with interest." ”

"But this is only the benefit of your local government, what does it have to do with our Public Savings Bank? What we can see is that the card charge on the canal can be used as collateral, but it is not enough. Could it be that you can still mortgage the financial revenues of several counties tens of kilometers on both sides of the canal to us? No, no, Commissioner Liu, those counties may not be able to make ends meet in the first few years, if they really mortgage part of their income to us, they still don't jump up! This kind of trouble has always been avoided by our banks, because it will involve a lot of energy. ”

"This doesn't work, that's not good, you're still not the People's Bank of Brazil? Do you believe it or not, as long as I say a word, tomorrow all government agencies, enterprises and institutions in Bac Ninh will not open common accounts in your bank, and the people will try not to deposit in your bank? Keep saying that you want to help the local development of Brazil, but when the Brazilian people need you, you push back and hold back, what kind of system is this! Liu Houfei was a little angry all of a sudden, and said in a rather humble manner.

Zhou Huimin has worked for so many years, whether it is his boss or subordinates, he speaks kindly, and people like Liu Houfei who are more singles and strengths have not been seen, but there are really not many, so he was also a little speechless for a while. The threat is real, and what they say is true, and what they say is right, the public savings bank cannot give up the Brazilian rural market that has been cultivated for many years, and places like Bac Ninh also have a large business volume and a very large number of customers, regardless of whether what Liu Houfei said is true or not, but one thing is certain: that is, once people initiate a ruthless attack, it will be completely difficult for the public savings bank to carry out business in Bac Ninh, and then the traditional territory will be eaten up by competitors.

Therefore, after thinking about it again, she still replied helplessly: "Commissioner Liu, it's not like you to talk about business." Blowing our beards and staring at our eyes at every turn makes it difficult for us to do it. It is not impossible to issue 500,000 yuan of canal bonds, but we also have a condition, that is, the 500,000 yuan must be deposited in the special account of our public savings bank, and part of it must be withdrawn when it is used, and it will be placed in it when it is not in use. In addition, starting from next year, the salaries and expenses and fiscal revenues of governments at all levels in Bac Ninh will also be transferred to the common accounts of our Public Savings Bank, and at the same time, the administrative order will require public servants at all levels and local enterprises to deposit their deposits in the Public Savings Bank as much as possible. If Commissioner Liu can agree to this condition, then our industry will not mind sacrificing our lives to accompany the gentleman and help you underwrite the 500,000 yuan bond. If not, then I'm sorry, Commissioner Liu, we also have to assess the risk internally in the bank, and I can't break the rules for a project like this with serious collateral deficiency, please forgive me. ”

"You've got a good plan!" Liu Houfei was also a little shocked when he heard it, this week Huimin really dared to climb up the pole, he was just feigning anger and deceiving them, and he wanted to force them to be annoyed, but when they found that it was unlikely to refuse, they actually put forward a lot of requirements, which is to try to recover losses.

However, this does not seem to be a big bad thing for the Bac Ninh area, if you can get 500,000 yuan in cash, what is such a small request? Although you may offend some other banks, who asked you not to give me a loan and hinder my Liu Houfei's "progress"? Therefore, after thinking about it again, he still agreed to Zhou Huimin's conditions, which is tantamount to completely tying up the Bac Ninh area with the Public Savings Bank.

Of course, Liu Houfei also made a hidden little abacus: the whole area of Bac Ninh has cooperated with your public savings bank, if there is still a shortage of funds in the future, you will have to find your bank to make a relationship, and you can't refuse it when the time comes! As for whether the Public Savings Bank will be aware of this, Liu Houfei believes that they are aware of the game between the local government and the bank in Bac Ninh in the future. But that's probably not Liu Houfei's business, at that time, he is likely to have passed a reasonably reasonable political achievement, operating to serve in other places, and the matter of fighting wits and courage with the public savings bank is still left to the latecomers!

In the afternoon of the same day, Zhou Huimin, president of the Public Savings Bank, signed an underwriting agreement with the Bac Ninh District Administration for 500,000 yuan of canal bonds, and after collecting a certain fee, they planned to go to the two major bond markets of Qingdao and West Lake to issue and promote them in the near future.