Ch 471: Borrowing
“Alright, although those who deserved a reprimand have received one, we must also acknowledge what deserves affirmation.”
“Those over thirty million gold in savings are your performance, and this merit will not be concealed from you. Next month, it will be distributed to each bank along with the financial report. However, the revenue aspect will also be criticized.”
“Because a reward and punishment mechanism has been established, the financial report will also include data on outstanding individuals. This also serves as an incentive for others.”
“Boge, naturally, had no questions about this.”
“And after carefully considering Chen Cheng’s theory of depositors, he felt somewhat ashamed to accept this reward.”
“Just as they were finishing their conversation, a knock was heard on the door of the reception room.”
“Opening the door, they saw Prince Xiao Suo standing outside with a grim expression.”
“Uncle Xiao Suo, you’ve come.”
“Hudun stood up and greeted him.”
“Xiao Suo, however, said with a sullen face:”
“Just coming to your bank makes me feel uncomfortable. Let’s go out and find a restaurant to chat over a meal.”
“Boge, behind him, seeing the Prince, knew that this was the individual who had been hit the hardest by his actions.”
“Now, this Prince is probably so poor he’s about to sell the Prince’s Mansion.”
“There’s no rush about eating. Let’s first take a look at your asset situation, Uncle.”
“Saying this, Hudun pulled him to the VIP window in the lobby.”
“At this time, depositors who had come to conduct business outside also saw Prince Xiao Suo.”
“They all knew that Prince Xiao Suo was the one who had been hit hardest by the bank, now so poor he was about to sell his mansion.”
“Most of them had also been taken advantage of by the bank, so they wanted to see if the Prince was here to make a scene today.”
“Hudun pulled Xiao Suo to sit down, and then asked the somewhat nervous staff to retrieve Prince Xiao Suo’s assets.”
“Looking at the stack of documents pushed out from behind the window, Hudun and Chen Cheng carefully reviewed them.”
“At this time, Prince Xiao Suo’s drooping expression was gone, replaced by a nervous look as he watched Hudun and Chen Cheng.”
“These two were now his lifeline. If they couldn’t help, he would truly have to sell his mansion to make a living.”
“Seeing Boge beside Hudun, Prince Xiao Suo really wished he could strangle him.”
“It was this guy who tricked him into investing his entire fortune.”
“Hudun and Chen Cheng, looking at the asset documents in their hands, felt their heads growing larger.”
“Just how foolish was Prince Xiao Suo to have been tricked into buying so many junk assets?”
“A rough calculation showed that the money spent buying these assets exceeded a million gold.”
“After looking through it all, Hudun shook his head.”
“Then he put down the documents and looked at Chen Cheng, saying:”
“How does it look? Is there any chance of a comeback?”
“Chen Cheng, looking at the assets, genuinely admired Boge’s scheming.”
“If he hadn’t known it was a trap beforehand, he would have been tempted to buy many of these assets himself.”
“After reviewing it, he put down the documents and looked at Xiao Suo:”
“Your Highness, honestly, the assets you bought are the worst of the worst. I don’t know what nonsense you heard that made you buy these things.
“And I believe this absolutely wasn’t just Manager Boge’s doing. You must have already had so-called inside information, which is why you acted so decisively.”
“After reviewing it, Chen Cheng also knew that the scheme was definitely not Boge’s doing. If it had been, given the amount involved, the Prince wouldn’t have just come to him without a knife, that would have been considered kind of the Prince.”
“Xiao Suo didn’t expect to be seen through by Chen Cheng.”
“He certainly wouldn’t have spent so much money based solely on Boge’s words. Importantly, his high status led some people to flatter him by providing him with plenty of inside information.”
“Prince Xiao Suo sighed and said:”
“But what can I do? Now, all I want to know is if there’s still a way to recover, or I really will have to sell the Prince’s Mansion to survive.”
“As soon as Xiao Suo spoke, there was an uproar.”
“Chen Cheng wanted this effect.”
“He didn’t want the bank to take the blame, even though he also had a part in it.”
“At this time, Hudun said sincerely:”
“Uncle Xiao Suo, honestly, these assets are beyond saving. The only way to get some of your capital back is if, considering you’re my uncle, the bank buys back a portion of them.”
“Can’t I use them as collateral for funds?”
“Prince Xiao Suo tried to struggle, but Hudun shook his head, saying:”
“That’s not possible, because the bank isn’t just mine; the savings inside belong to the depositors. I’m only holding them in trust.
“And your assets are simply too poor. Aside from the Prince’s Mansion, nothing else qualifies as collateral.”
“Prince Xiao Suo wanted to say something else, but seeing Hudun’s serious expression, his heart finally sank.”
“But at this moment, Chen Cheng said:”
“Actually, some of the tangible assets can still be salvaged.”
“Chen Cheng’s words undoubtedly revived his dying hope.”
“What method? Tell me quickly!”
“It’s simple. The bank directly takes over through a loan, using the bank’s funds to revitalize these tangible assets. However, the Big Boss of these tangible assets will be the bank.”
“A loan?”
“It’s a short-term loan, but the recipient is not someone else, but you, the Prince.
“Use your princely identity as credit collateral, borrow short-term funds to revitalize these tangible assets, and then use the profits from your products as collateral to repay the loan.”
“And you don’t need to worry about product sales. You can find the customers you need at the exchange.”
“While Xiao Suo was still pondering, Hudun’s expression changed slightly.”
“Because the risk of lending to Xiao Suo was incredibly high. Although Chen Cheng’s method was feasible, the collateral was the Royal Family’s credit.”
“And it wasn’t just this; many others had the same problem. If they solved this for him, what about others?”
“His bank was open for business. He most feared showing favoritism.”
“However, Chen Cheng patted him on the shoulder, thinking that Hudun still didn’t understand. If they didn’t find a way out for Xiao Suo, he would really sell the Prince’s Mansion for money.”
“That would be far more serious than using the Prince’s credit as collateral.”
“And since he proposed this plan, he naturally had reasons to deter others.”
“Of course, if anyone else wanted to borrow, after assessment, if feasible, they could also be helped.”
“Chen Cheng had figured it out. Someone behind this wanted to smear the bank.”
“They wanted to label Hudun as someone who only cares about profit and ignores family affection.”
“Although this world doesn’t have the saying ‘rule the world with filial piety,’ family affection is still valued. If such rumors spread, it would be a significant blow to Hudun.”
“And high risk naturally comes with high returns. Although these tangible assets are all wasted, if they truly get running, the revenue can still be guaranteed.”
“At the same time, the interest on this short-term loan cannot be calculated using ordinary loan interest rates. The interest rate will naturally be higher than that of ordinary loans.”
