A large amount of deposits flowed into Xu Qing, and Xu Qing's Yinghua Bank is increasing all kinds of deposits every day, but those other banks are sad. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 infoA lot of deposits from other banks have been withdrawn in large quantities, and depositors have transferred a large number of deposits to Xu Qing's Yinghua Bank. Because Xu Qing has the endorsement of the royal family and has interest, it is a fool not to do such a safe and beneficial thing.

So the other banks in London suddenly whimpered and almost cried. Not enough at this time, Xu Qing Xu Qing released an advertisement again, this time it was a loan advertisement.

"Anglo-Chinese Commercial Bank undertakes commercial loans, and the annual interest rate of the loan loan ranges from 8 percent to 11 percent."

This advertisement went out and once again caused an uproar in the banking industry. This wave is even more astonishing, because the interest rate on this loan is actually 8 to 11 percent, and the interest rate on this loan is quite high in later banks. But in this era, it's surprisingly low!

You must know that in ancient times, the interest rate on borrowing was very high. Not only in China, there is such a saying as "Indian money", but the interest on loans in China is often as high as 100 percent, that is, borrowing for one year, and then doubling it back to the other party next year. Even if the interest cannot be repaid, then the interest will have to be converted into principal again and the interest will be recalculated.

This is also the ancient usury exploitation, in ancient times, many people may have only noticed that the landlord exploited the land, but this usury exploitation is also another very important aspect.

The same is true in the West, where the interest rates on all kinds of loans are surprisingly high, and almost all of the annual interest rates of more than 50% are the absolute mainstream. However, Xu Qing's minimum loan interest of 8% and the highest loan interest of 11% shocked people.

"Sir, your loan contract is ready, and we are ready to sign it!" A bank staff member hurriedly said.

But the merchant who took out the loan said disdainfully: "No, I should go to the Yinghua Bank to take out a loan, where the annual interest is only 11 percent, but the interest here is as high as 55 percent, which is five times that of theirs." I guess we'd better forget it! “

Soon, the businessman who was ready to take out a loan was robbed of Xu Qing's Yinghua Bank by the business, and there are countless examples of this, and many businessmen who were originally going to sign a loan agreement also chose to break the contract. These businessmen who have signed loan agreements are sometimes willing to pay some liquidated damages rather than continue to borrow from any other banks.

Because the interest rate of these banks is too high, even if you pay liquidated damages, you will get much more benefits from Anglo-Chinese Bank than from them.

There are many, many such situations, Xu Qing's Yinghua Bank is absorbing a large number of deposits on the one hand, and on the other hand, it is holding the deposits of these depositors, but putting them into the hands of the borrowers on the other side, so that one in and one out, in fact, is not their own money at all.

"Boss, your method is really good, your method is really amazing. The interest we give to our depositors is only about 5 percent, but the interest on loans is 8 to 11 percent, and this interest difference is our biggest profit. We are making such a profit, we are simply taking other people's money to make money for ourselves! James, the manager of the bank, said excitedly.

James really admired Xu Qing's method. Other banks charge depositors, which is equivalent to driving out the vast majority of depositors, and then the loan also charges high interest, which also drives away many people who want to take out loans.

And Xu Qing's method absorbed the wealth in the hands of more low-level people, and then put it to those who needed it on the other side. In this way, the interest difference in the middle is a huge cash flow. In this way, although the interest rate is lower, the cash flow is countless times higher. Cash flow is the most important thing in the financial industry, especially in the banking industry.

Such a huge cash flow can fully guarantee huge benefits.

"Of course, my method, not only does not charge depositors custody fees, but instead gives depositors interest, which can completely allow many people to invest in us, so that our cash flow has expanded countless times. On the other hand, we have lowered the interest rate on deposits a lot, which also makes many people who want to take out a loan but dare not take out a loan. This allows us to earn a lot of interest. ”

"We rely on quantity to win, and use other people's money to make money for us, which is the highest level of making money!"

James also said: "Mr. Xu, your method can be written into a textbook, it is definitely a classic case!" I'm sure that from now on, your method will definitely change the history of the banking industry and will definitely make the banking industry undergo a major reshuffle! Your approach will revolutionize the banking industry. ”

Xu Qing nodded and said, "Of course this change is revolutionary, there is no doubt about it. ”

Of course, Xu Qing knows how much advantage this change in business model will bring, and this is the method that all banks in the future will do. If you don't change with it, you're almost certain to die. In this revolutionary change, Xu Qing was the first to eat crabs, so he naturally earned the highest benefits. Looking at the cash flow in the past few days, you can know that all the deposits that have just been deposited have basically been booked. Even the predetermined amount of the loan contract was queued up to a full million pounds.

"Boss, I don't think the remaining 20% of the reserves will be taken out for temporary lending to meet the needs of those loans?" James asked.

But Xu Qing immediately strictly forbade him and said: "James, you must not say this kind of thing again, if you dare to say it again, then I will fire you." Twenty percent of the reserve fund must not be used. We would rather not take on the business than use the reserves. As a bank, the most important thing is credibility, do you understand credibility? If there are no reserves, how can we pay depositors' deposits at that time? ”

"Once we face a run, we will die without a place to bury!"

Xu Qing said this because he knew the importance of reserves. If there are no reserves, it is easy to be squeezed at that time. The banking industry is essentially "debt management", and depositors are also the creditors of banks. If depositors are unable to withdraw their money in a timely manner, the consequences are dire. If it can't be taken out, it will cause a run. Once the run is made, it is easy to form a wave, and the consequences are very serious.

Therefore, reserves should not be used lightly.