The tournament lasted for three days before it ended, and except for a few unlucky guys who were injured in the fight, everything went smoothly and all parties were satisfied.

The magnates completed a political performance, the melon-eating masses watched the excitement, and the students showed their faces in front of the big shots.

As a special guest, Hudson and several ministers also served as guest guests for the awards.

As for His Majesty the King, who was the most honorable, he quietly left the scene before the game was over.

After suffering a loss, the royal family has learned its lesson and will not let strangers approach the king at all.

There were so many people on the scene, no matter how strict the audit was, there was no guarantee that no assassins would get in.

Not only the king, but also the powerful people in the royal capital also have strict security measures around them. Only a very small number of people who are strong themselves dare to travel alone.

Interestingly, the tighter the security, the greater the probability of being assassinated, but traveling alone and not being targeted by the Assassins.

For example, Hudson, the dragon knight, often flew around in the sky and never encountered a single assassination.

The other eighth-order powerhouses in the kingdom were rarely assassinated. The Assassins were often frequented by nobles with weak personal strength.

It is obvious that the assassin takes the order, and he also has to pick soft persimmons.

With the finished magic crystal card, Hudson set out on his way home satisfied.

The next task is to distribute these magic crystal cards, which cannot be completed in a short time.

By Hudson's standards, the bank's customer base is not large, if not very small.

In order to ensure that these magic crystal cards do not become dead cards in the hands of customers, all magic crystal cards issued for free are bound to identity, and only those who spend money can choose to be anonymous.

……

Snow Moon Collar, Duke's Palace.

"Lord Duke, this is the latest data from the bank. In the first half month of opening, we have issued nearly 400 magic crystal cards and collected 1.86 million gold coins in deposits.

The current card users are all here for your name. They did not care about the specific business of the bank, and only a small number of nobles consulted about the exchange and loan business.

The data of the deposit business are mainly pulled up by the territorial income deposits. If you deduct the deposit of the lord's palace in the bank, the actual amount of the deposit is less than 860,000 gold coins.

On average, the average customer deposit is only 2,200 gold coins per person.

According to the data analysis, customers who deposit 2,000 gold coins are all for your support, and there is no need for loans or exchange in the short term.

Only about 1 in 10 customers will have business with us in a short period of time, mainly remittance and currency exchange.

According to your regulations, there will be no exchange fees for one year, and these businesses will be at a loss in a short period of time.

Regardless of the cost of the Magic Crystal Card, we have invested 110,000 gold coins in the Development Bank of the Near East so far.

It mainly includes: purchasing real estate, building a vault, arranging a magic array, personnel training, and equipment procurement......

According to the current situation, it is estimated that the monthly operating costs of the bank will be maintained between 5,000 and 8,000 gold coins in the future.

The main thing is the Wangdu branch, which needs to be equipped with a large number of security personnel, which has increased the investment in security funds.

In the future, if the business volume increases, it will be necessary to transfer funds between the three branches, and the escort cost will also increase.

Considering the actual situation, we must start the lending business as soon as possible to let the funds flow on the account so that we can realize profits as soon as possible.

After risk assessment, the most suitable for the overhead lending business is the Shandiling Branch. We have been operating in the southeastern province for the longest time, and we are very familiar with the situation of potential customers, and can effectively control risks.

Because of the war, many small and medium-sized nobles had financial problems and needed a sum of money to meet the emergency.

With territorial income as collateral, there are basically no accidents. Even in the name of the duke, no one dares to maliciously breach the contract.

The second is the Wangdu Branch.

Although it has only just started its business, the royal capital radiates the whole country, and there are many nobles who come and go every day, and there will always be those who lack funds.

Some businessmen are also potential customers, as long as there is an industry in the king as collateral, the security of the loan is also guaranteed.

The worst situation is the Xueyue Ling branch.

The current situation in the Near East is uncertain, and once the orcs invade wildly, it will be difficult for the small and medium-sized nobles to resist.

However, there are also the most potential customers here, and most of the noble lords lack funds. As soon as the wind is released, customers will come to the door immediately.

For security reasons, it is advisable not to rush into the Near East to do business. Anyway, now many nobles in the seven provinces of Northern Xinjiang also lack funds, so we can do business there first.

After the kingdom's defense line is completed and the Near East region has a certain ability to protect itself, it is not too late to start lending business! ”

Rudolph said cautiously.

As Secretary of Commerce, having just made ends meet, and was suddenly appointed president of the Development Bank of the Near East by Hudson, he only felt like Alexander.

It's as if the loss-making projects in the territory have to be passed through in his hands. You must know that the few projects he took over before were also at a loss at first.

It seems to be an analysis, but in fact it is also a subtle persuasion. Prior to this, Hudson had planned to inject a million dollars to issue construction loans to the nobility of the Near East.

It's just that because the construction of the bank requires capital investment, the one million gold coins injected in the early stage were used as infrastructure investment.

Including the procurement of magic crystal card raw materials, basic hardware investment, procurement of magic potions to sponsor the competition......

Among them, the purchase of magic potions is a left-handed to right-handed transaction, and the purpose is simply to increase the cost of the bank.

Judging from the books, since the establishment of the Development Bank of the Near East, Hudson has smashed in 1.28 million gold coins.

This is just the beginning, and if nothing else, the cost of the Near East Development Bank's books will continue to rise.

The reason for such a high cost is not to scare away competitors, in fact, there are no competitors.

Daring to lend in the Near East is in itself akin to doing charity. Uncontrollable risks are enough to discourage everyone's enthusiasm for investment.

The main purpose is to show the outside world.

With the high cost input as a foreshadowing, it becomes logical to charge handling fees and loan interest in the future.

The identities are different, and the perspectives from which they consider problems are also different. As the president of the bank, Rudolph has to consider the safety of the bank's funds, and naturally hates this uncontrollable loan business.

I don't know how much impact a million gold coins can have on the land of the Near East, and no one knows how much these loans can be recovered anyway.

Seventy percent?

Fifty percent?

Or is it thirty percent?

Even losing all your money is possible.

Huge capital losses have always been a chain reaction, which will not only increase the bad debt ratio of banks, but also may trigger a run crisis.

"Now that you're ready, let's get down to business! The bank's top priority is risk control, and although the cost of obtaining funds is not high, the security of the loan must be guaranteed.

Every loan must have collateral. If there is a lack of sufficient collateral, then let the customers find a guarantor.

In principle, we only do mid-to-high-end customers, and the minimum loan amount is tentatively set at 2,000 gold coins.

Below this number, the interest rate of return of 15 percent is too low, and there are too many customers at once, and we can't supervise it.

The situation in the Near East is exceptional, and according to a normal risk assessment, none of them can pass the audit.

For customers in the Near East, you will review them first. It mainly depends on their identity background and military strength in their hands, as well as the specific location of the territory.

After the review, attach the relevant information and report it to me, and then decide whether to grant them a loan. ”

Hudson didn't want to do it at a loss. But there are some things that someone has to do.

As the largest noble lord in the Near East, he has not only rights and interests, but also ancillary obligations.

If the younger brother below has the potential to cultivate, Hudson definitely doesn't mind investing in a wave. Even if it is an economic loss, it will be earned back politically.

What's more, these loans may not be at a loss if they are released. Even if it becomes a bad debt, it is only a loss of money on the bank's books.

It's hard to imagine the power of finance without experiencing it firsthand. Lending was only the first step, and controlling the economic lifeline of the Near East through lending was what Hudson wanted.

After a moment's hesitation, Hudson added: "Considering the risk, some additional conditions can be set up, such as tax exemption for the goods received by Xueyue.

Or after getting the loan, they must spend a certain percentage of the funds to purchase materials from Xueyueling.

The specific terms are determined by you according to the actual situation. The loan business has just begun, and the additional conditions should not be too outrageous! ”

These challenges were something he didn't want to talk about. Why haven't you seen the face of the bank, and you won't be able to understand it for a while.

If we rely on capital to evolve by itself, without decades of exploration, it is difficult to figure out these obscure means of profit.

Simply relying on the interest rate difference to make money is too low-end. In many cases, the profits brought by the attached conditions even exceed the loan itself.

Anyway, the meat is in the pot, and Hudson doesn't mind whether the profit is in the interest of the loan, or the taxes and rents that it turns into.

Money is only real when it flows, and lying in the vault, that's a bunch of numbers.

In a world where wealth is highly monopolized and concentrated, the money is just loaned out of the bank and will soon be turned into someone else's deposit and flow back into the bank again.

"Lord Duke, conducting business in three places at the same time, I'm afraid the money in the bank account won't last long.

Especially in the Xueyue Ling Branch, the cash is less than 300,000 gold coins, half of which is the project money we have to distribute.

……”

Before Rudolph could finish speaking, Hudson interrupted: "Xueyue doesn't have enough cash, so I will print a golden ticket as a supplement."

All major chambers of commerce can print golden stamps, and we can follow suit. It would be good to do a good job of magic security marking, and then limit the number of releases.

It was ordered that all industries in the territory should receive golden stamps issued by the Development Bank of the Near East.

As for whether other merchants are recognized, it is not mandatory. With our monopoly in the Near East, it was only a matter of time before the golden ticket came into circulation.

It's okay to just do this, and the loans that are issued will go directly to their magic crystal cards. Provide bulk material transaction transfer services.

Tossing back and forth with a large amount of gold coins is a burden on both sides of the transaction, and it is certainly not as convenient as direct transfer.

At least salt, iron, and grain, which we have a monopoly on trading, can force them to be traded by transfers.

As long as you do it a few more times, everyone will gradually get used to it.

After you go down, think about it again. Once you've gotten through these paths, you'll never have to worry about running out of cash again.

No one dictates that banks can only lend as much capital as they have.

As long as there is money in the treasury, loans can be issued to the outside world. In the early stage, we should be conservative and control the capital adequacy ratio at 30% to deal with the sudden run crisis.

After the credibility is established, slowly increase the leverage. The specific criteria are determined according to the subsequent development of the situation. ”

……

Hudson was still worried about the development of the Near East, and the kingdom's intelligence organization was already in action.

In order to promote the modernization process of the orc empire, the spies buried in the kingdom of a number of powerful races have been activated at this moment.

A pluralistic empire is not in the interests of certain orc empires, but it is certainly in the interests of these races who are eager to go further.

The task is consistent with the interests of your own race, and you don't need to worry about anything, just do it.

Tiger Clan Residency.

Since the four royal families announced that they would compete for the throne of the royal family in the form of clan warfare, the atmosphere here has not been relaxed.

"Putru, where did you come from?

I don't believe that your brain can come up with so much in a short period of time. ”

The question of the tiger patriarch made Putru smile awkwardly.

To enhance their persuasiveness, the Alpha Kingdom gave them a complete set of theories. As soon as he opened his mouth, Putru fooled the middle and upper echelons of the clan.

It's a pity that he worked too hard, and it didn't match his usual personality, and he was immediately recognized by the tiger patriarch.

"Patriarch, it doesn't matter who came up with these things, the key is to be useful to us.

If we really follow the requirements of the four royal families and lead the main forces of the clan to participate in the clan war, even if we can win the victory, we will suffer heavy losses.

Even if they fulfill their promise in the end, but in my orc empire, if there is no strength of the royal family, is it still the royal family?

It's not good that the position of the royal family has not been done for a few days, and it has been taken down again. Just look at the Beamon clan, they are the oldest royal family, and they have been mercilessly exiled to the front line.

If a big war breaks out one day, the Bimon clan will become history. At such a critical moment, we can't afford to be stupid! ”

Putru explained confidently.

Prior to this, he had already been brainwashed by the theory of "pluralistic imperialism", believing that this new political structure was the most suitable choice for the Tiger Clan.

"There is some truth in what you said, judging from the current situation, the comprehensive strength of the five races participating in the royal competition is almost the same.

If you really fight, there will probably be no real winner in the end. If you can't monopolize the position of the Fifth Imperial Family, you might as well join forces to add five seats.

It's just that this matter is not something that our family can decide, and we must also get the support of the other four families to have the strength to negotiate terms with the four royal families! ”

The tiger patriarch said ruthlessly.

The current tiger people have been forced into a corner. The battle for royalty has never flinched, and from the day their strength was exposed, they had to fight to the end.

The situation of several other races is similar to theirs. At the beginning, it was all due to ambition, but now there is no way out, but to fight to the death.

Even if they take the initiative to back down now, after the birth of a new royal family, they will still not let them go.

"Patriarch, since you also think it is feasible, then let's hurry up!

Taking advantage of the fact that the four royal families did not react, they first united everyone to create an established fact.

If it's late, the news gets out. With the four royal families coming out to sabotage, it is not so simple to unite with all parties! ”

Putru tried his best to persuade him.

The gap between the orc race and the orc royal family is not only the strength of the race, but also the political status.

It's not an orc royal family, no matter how strong its own strength is, it's still living a precarious life.

These races, if they weren't able to do it themselves, would have secretly hidden their strength. I am afraid that during the continental war, I have already become cannon fodder for the war with the human race.

You must know that the orc race that has declined because of the war is not one or two. Some of these races with strong combat power are even comparable in comprehensive strength to the tiger people.

There is only one reason for their decline - they came to the fore too early!

Nominally, the Orc Royals are protecting the diversity of the Orc race, but in fact they are the biggest black hands that have led to the decline of the various races.

The ones who are protected are those who have low combat effectiveness, special skills, and are willing to be their little brothers.

A race with strong combat power like the Tiger Clan, as long as it shows a little bit of strength, it will become a thorn in the eye and a thorn in the flesh of the royal family.

"Prussia, when did you get in touch with the Terrans?"

The question of the tiger patriarch startled Putru a lot. This is his deepest secret, which he has never revealed to any tiger man.

"Patriarch, what are you talking about, how can I have any connection with the Terrans?

I've never been in contact with humans except for the Terran smuggling caravans, so how could I have any contact with them! ”

It's okay not to explain, but with such an explanation, the tiger patriarch is even more sure of his guess.

"Humph!"

"Ptru, are you a fool to me?

Except for the cunning Terrans, who can find a way to break the situation in such a short period of time?

If I had this ability, I am afraid that I would have done it a long time ago, so why delay it until now! ”

(End of chapter)