Chapter 219 Yuhou Bank

Author: Quiet Thought

Chapter 219 Yuhou Bank

"Shankawa Sang means..."

Although I had heard Abe Xin's report, Sasaki Kisaki's heartbeat was still a little faster at this time.

"Shirakawa is also a farmer and has a deep understanding of the difficulties of agriculture.

This year's extreme snow weather is also a great blow to agriculture.

So I decided to provide a donation of 20 million yen free of charge by Shirakawa Electric.

To subsidize the affected farmers, the losses in the heavy snow."

Twenty million?! Sasaki's heart was a big deal.

This is the largest donation received by the Akita Prefecture Department. Most local companies have donations such as hundreds of thousands of yen and millions of yen.

Some companies use materials to offset the amount, and they actually take out less cash.

There is no way, the size is here. Akita is located in a backward area in the northeast.

At this moment, Kisaki Sasaki, who had received the promise, was secretly calculating where the 20 million could be used.

With it, at least it can solve the expenses related to seeds and fertilizers for the next year for the affected farmers.

After all, the most serious losses are the population in hilly areas, and the number of people is not large.

In this way, the government will appropriately provide partial tax rate reductions next year, and some problems can be solved.

As for the plains, there will not be too much financial pressure because the damage is small.

In fact, the real big head is the crushing houses, which is where the government's pressure lies.

Moreover, Akita is an autonomous prefecture, so it is better to save a little bit of finance.

Therefore, it is rare that Shirakawa Electric can afford 20 million.

It is indeed a multinational company with amazing financial resources.

In this case, maybe the other party can really help with that matter.

Kiriji Sasaki was surprised by Shirakawa Electric's strong financial resources, but in fact this was nothing to Shirakawa Kaede.

But having money does not mean you can act as a bad person, and his money is not caused by the strong wind.

Shirakawa Kaede took out the money for the sake of his hometown, otherwise... he would probably not see it.

"It is really admirable that Shirakawa Sang can spend such huge amounts of money to help the farmers in the village."

Sasaki Kisaki knew that this little money might not be big with Shirakawa Kaede's wealth.

But what is commendable is that he can take out the money, at least it is a real question of character.

"I'd like to ask, does Shirakawa Sang have any plans to invest across industries?"

Finally, I thought about it for a long time and took advantage of the opportunity of Shirakawa Kaede donating a huge amount of donations.

Sasaki Kiriki tentatively threw out the problem that others had asked him for.

"Hmm?" Shirakawa Kaede looked at the governor Akita with some surprise.

He was looking for investment in Shirakawa Electric in Akita and asked him if he had any plans to invest in other businesses.

Shirakawa Electric or that's how he is optimistic about himself? Shirakawa Kaede is a little puzzled.

In fact, Sasaki saw Shirakawa Kaede throwing away 20 million yen, but he didn't even have any fluctuations in his expression, which made him guess that Shirakawa Kaede must have strong financial resources.

"That's it." Sasaki saw that Shirakawa Kaede looked puzzled, so he simply prepared to spread the topic.

However, when I thought that the matter was complicated, I turned to look at my secretary and said, "Go and invite Ueda Sang here."

"Hai"

Shirakawa Kaede looked at the secretary's departure back, and was a little confused.

"Shankawa Sang stayed for a while, and the specific matter was explained by Sang Ueda himself.

Of course, if Sakashi Shirakawa has no intention of investing other things, it doesn’t matter. Just get to know other local entrepreneurs.”

Sasaki Kisaki did not mean to force Shirakawa Kaede, but was more discussing.

Shirakawa Kaede nodded, indicating that it was okay. And depending on the situation, the other party seemed to have already made such plans.

He was also a little curious about which company the company that Governor Akita personally helped.

After a while, the secretary who had just left, brought a middle-aged man in formal clothes into the conference room.

The other party's eyes lit up when he saw Shirakawa Kaede. He first greeted Sasaki Kikuji.

Then he immediately walked to Shirakawa Kaede and bowed to his house, "I am Ueda Seizure, and I take it to the bank. I am so lucky to see Shirakawa Sang today!"

Yuhou Bank?

Shirakawa Feng's heart was calm, but his face remained silent.

"Shirakawa Electric Appliances, Shirakawa Kaede. It is also my honor to see Ueda Sang."

"Shirakawa Sang, please sit down." Sasaki signaled that everyone should not be polite, sit down and talk first.

Although he was curious, Shirakawa Kaede did not rush to ask questions.

After sitting down, Sasaki began to introduce the information background of the Hago bank.

Yugo Bank is a private non-listed bank, and its earliest history can be traced back to the Meiji period.

It's just because it was just a small bank at the beginning of its establishment.

Although we have merged four or five other small local banks over the years, the scale has always been very evident.

To date, his influence has been mostly concentrated in Akita, Aomori, and Iwate, as well as local banks.

However, although the scale is not large, thanks to the economic development, life is actually quite good.

So what happened to the people from Yuhou Bank who came here specifically today?

Similarly, the bad thing is the heavy snow in the north this year.

As a local bank active in the northern part of Honshu Island, Yugo Bank's business is nothing more than concentrated lending, investment, and financial insurance industries.

So who will lend it to, what industries will you invest in, and what insurance business will you invest in?

The answer is obvious: lending to farmers, investing in agriculture, and ensuring the harvest.

Therefore, it can be foreseen that the heavy snow in the north this year will cause the greatest harm to agriculture.

If farmers are unable to repay their loans, agricultural investment fails, coupled with natural disasters from extreme weather.

All previous investments by Yuhou Bank will become non-performing assets.

Not only can the loan not be recovered, but a large amount of cash is also required to pay out to pay the huge compensation brought by the insurance business.

Suddenly, from a local bank that has a prosperous life, it has become a small bank that has a large number of non-performing assets, bad debts and bad debts.

As the value of Tian Cheng who was taken by Yuhou Bank, if you don’t have to worry, it would be strange.

More importantly, in addition to non-performing assets, Yuhou Bank is also short of cash flow.

Insurance compensation is related to credibility, and the money must be paid in any case.

Otherwise, the bank's reputation would be lost, which would be a disaster for Yu Hou.

The shareholders behind the bank are unwilling to pay for it to help Yu Hou through the current difficulties.

Unfortunately, Ueda Nai could only find Sasaki Kisaji. After all, banks are also a pillar industry of the local economy. As the governor of Akita, you can't stand by death and refuse to save him.

This is true. Of course, Sasaki is unwilling to encounter business difficulties in banks originating from this prefecture.

After all, this is one of Akita's business cards, and the importance of banks to the local economy is self-evident.

There are only a few local banks in Akita Prefecture, so there must be no mistakes.

Moreover, when Ueda Naiya came to visit Sasaki, he would mention the founder of Shirakawa Electric who had just returned home from time to time.

How could Sasaki, who has been infiltrated with politics for decades, still don’t know what he means?

Sasaki, who was originally planning to recommend him, saw that Shirakawa Kaede was indeed financially strong, so he pulled Ueda over without hesitation and everyone talked in person.

While listening to Sasaki's introduction, Shirakawa Kaede looked at the information about Yugo in his hand, and his eyes were filled with thoughts.

Unexpectedly, what this governor Akita said about cross-industry investment was actually a bank.

It's really unexpected.

"San Shirakawa, please rest assured that Yugo Bank has no bad history and credibility issues.

If it weren't for heavy snow this time, I wouldn't have trouble with you."

Seeing that Shirakawa Kaede didn't speak, Ueda thought he had some concerns about Hago Bank.

So he explained it specifically, and Kikuji Sasaki on the side also nodded with approval.
To be continued...