1489 I Also Want to Get Involved

The general manager's work ability is worthy of recognition, especially when the general manager allocated Lynch's large loan as a bad debt, he showed his outstanding personal ability.

Bad debt means that the bank cannot recover the money, so it is naturally a bad debt.

Because of this bad debt, the bank's asset assessment was reduced by several million.

How did a bank with a market value of more than one billion be emptied bit by bit?

Just look at this and you will know. Just move a little here, a little there, and then go bankrupt after a run...

With the cooperation of the general manager, the investigation team's internal investigation of the bank soon came to a conclusion. Everything was a decision made by the former president who had died in the attack.

He asked the general manager to print a portion of currency that was not in circulation and had no official document proving its existence, to be used to satisfy Lynch's need for a loan.

He made very poor decisions and tried to hide these problems, knowing full well that Lemar's economy and national banks could not meet Lynch's loan needs.

But at this moment, all the "truths" have surfaced.

No matter what his starting point was, he did something wrong!

Now Lemar is suffering serious consequences because of those poor choices he made.

The investigation team handed over the results of the investigation to the delegation, and Lynch's personal letter of intent to acquire Lemar National Bank was also submitted at the same time.

After contact between the delegation and the country, as well as follow-up work with the President, the Parliament of the Republic of Lemar and the President finally agreed to Lynch's request.

On Monday of the second week of June, Lynch and President Lemar signed a full purchase agreement at the Lemar National Bank.

The bankrupt Lemar National Bank will acquire 99% of Lemar National Bank outright for 75 million federal soles plus 50 million Blackstone Foundation bonds.

The reason why it is 99 percent is because there is still one percent belonging to the government of the Republic of Lemar.

At the same time, Lynch must also bear all debts and shortfalls. According to the requirements in the agreement signed by Lemar Republic and Lynch, he must meet the withdrawal requirements of all depositors.

This involves approximately tens of billions of Ares withdrawal needs, and Lynch also agreed to this.

A series of tasks such as integrating, splitting debts, and paying off debts will be completed within approximately one year. Among them, depositors' withdrawals must be resolved within six months.

In other words, Lynch must pay all depositors who want to cash out their savings within six months, otherwise the acquisition will trigger some additional terms.

Many people are not optimistic about Lynch's operations. Although people know that Lynch wants a bank and a bank with the right to issue currency, he is too reckless.

Once the cooperation between the Federation and Lemar is confirmed, the exchange rate of Yares will rise sharply. As long as people wait and wait for the exchange rate of Yares to return to the normal range, Lynch will have to face a withdrawal of at least 500 million. demands.

He can't get the money at all!

Don't look at the fact that Blackstone Airlines only received an order of more than 2 billion from the federation. In fact, after these orders are completed, Blackstone Airlines' profit is only about 300 to 400 million.

Then allocate dividends to various shareholders and multiple dividends. If Lynch can make 100 million in his own account, it is already considered a very powerful skill.

Unless he mortgages all his properties to the bank or sells part of his properties, even if he can raise the money, it will crush his other properties!

For federal people, whether you have money and whether you can get the money are two different things.

Just like Lemar National Bank at this time, who dares to say that it has no money?

Of course it has money, it also has a lot of loan business, it also holds shares in many companies, and it has a lot of construction investments that it is investing in but has not yet seen the money back.

These are its assets, and Lynch's assessment of it at around 900 million was not arbitrary.

But it still closed down!

Having money and being able to make money are two different things.

The fact that you have money means you have value, but the fact that you can’t get the money out means bankruptcy is waiting for you!

If all of Lynch's liquidity is used to withdraw cash from depositors, the cash pressure on the industry in his hands will be great, and a chain reaction may occur if he is not careful.

In the Federation, for the financial wolves, they dare to challenge anyone. As long as they can see enough benefits and success rate, there is nothing they dare not do!

Once there is a loophole in the Black Stone system, these jackals and sharks will soon swarm in and tear Lynch into pieces.

Many people want to know how Lynch plans to tide over the difficulties. Some people think this is his stupidest investment. Of course, many people have contacted him privately, hoping to promote a "joint acquisition."

For example...the six major industries.

Lynch and Joe Grimman had not seen each other for two years. Because of Lynch's good relationship with him, Joe Grimman was transferred to Nagallil by Jinhui Bank to serve as the president of the Nagallil head office. .

For all industries in the Federation, Nagaril is a huge treasury, where the secrets that can make people rich are hidden!

Gu Fu/span> With a population of 200 million, even if only one-tenth of the population saves 100 yuan a year in Jinhui, that is still 2 billion in annual savings!

And in fact, this number is much more than these, because the gradually developed market not only has savings business, but also loan business.

In order to adapt to Nagalier's special social environment, the bank launched a new loan business called the "job loan mechanism."

To put it simply, if you want a loan, you must first have a stable job, and then you can get a certain amount of loan after being evaluated based on your salary level and status in the company.

If someone fails to repay the loan in time, the bank will directly ask for wages from the company. If the person has resigned and is unwilling to repay the money, then this person will be blacklisted.

By then, the entire Nagaril society will have no chance of this person surviving. All companies that have relations with the federation will not use this person, and all companies that have business relationships with banks will not use this person.

He will lose the basis of his life here!

Until he pays back the money.

Of course, it doesn’t matter if you really can’t repay the debt. You can explain the situation directly to the bank, and the bank will arrange a job for the debtor until he pays it off completely.

Because of the support of Lynch in Nagalier, Joe Grimman's work went smoothly. In addition, because he was old, he was too lazy to fight anymore and planned to retire in Nagalier.

In fact, Nagaril is like a paradise to people from the Federation. Prices are low and the cost of living is low. A person who receives a low-level pension in the Federation can directly enter the middle class in Nagaril.

People like Joe Grimman who can get close to a thousand yuan in pension should not be too happy living here!

In addition, he still has a lot of money and usually makes investments. Apart from some people in the summer, there is nothing uncomfortable with Nagaril. He has already planned to settle here.

Most of the time, I have nothing to do. I play ball with friends and colleagues, swim, exercise, attend various parties, private gatherings, etc. It is simply paradise!

Until... Jinhui Bank sent him a document, hoping that he could go to the Lemar Islands and meet Lynch. It would be better to persuade Lynch to leak a little bit to Jinhui Bank. They were very interested in Lemar National Bank. interested.

In the past two years, Joe Griman has not paid as much attention to Lynch as before, mainly because the two parties have had few contacts and few opportunities to meet.

Sometimes relationships are maintained in the process of communication. If you haven't seen someone for a long time, you will only feel strange when you see them again.

So does Joe Grimman.

He couldn't refuse the arrangement from the head office, so he had to pack his bags and go to Lemar. He did have some strange feelings when he saw Lynch, but these feelings quickly dissipated.

The two shook hands and walked and chatted all the way. Lin Qi seemed to be no different from before, but the heavy bearing on his body made people more and more awe-inspiring.

"...So this time you came here mainly to talk to me about joining forces?"

Lynch looked at him, and Joe Grimman did not shy away. He nodded, "What the bank means is that they are willing to spend part of the money, about 30 million, to get 15% of the bank from you." shares.”

The total value of the entire acquisition was about 120 million. Jinhui spent 30 million to account for about a quarter, but only 15%. Literally speaking, they were obviously very sincere.

Lynch smiled and shook his head, "Everyone is pretending to be confused. This bank is worth at least 1.2 billion, and I believe that within five years, it will be worth 2 billion or even 3 billion."

"The senior management of Jinhui has no sincerity at all. It is difficult to continue the discussion."

When I acquired it, I must have tried to find a way to make it undervalued, but once I got it, everyone knew its actual value.

In addition, the National Bank will serve as a communication bridge between Lemar and federal capital. Its role will only become greater and greater, and the market value of its assets will become higher and higher!

Thirty million, let alone 15%, even 1.5% is a problem.

Joe Grimman did not show an ugly face because of Lynch's rejection. It is common for people who work in banks and finance to be pointed at and scolded.

I want to get your money, so it’s not a problem for you to be happy if you scold me a few times. What you want is psychological comfort, and I only want money.

Money in your pocket!

When Lynch was done, he continued, "We noticed that you have a lot of pressure on cash, and we can solve these pressures."

"I've been given some permissions from above, and I'll give you a thorough explanation."

"Twenty-five million, ten percent of the shares!"

"They told me before I came here that this was the final bottom line. I think this price... is actually very sincere!"

This price is equivalent to Lynch doubling the market value of National Bank after acquiring it.

But it's obvious that they still underestimated Lynch's ability.

Money... he can have as much as he wants!