"There are also some smart people who are afraid that they will be targeted for withdrawing too much money, so they take their banknotes to bank branches in several provinces and exchange them separately. The agencies have exhausted all the calculations, but they don't know that every day the banks in various places will exchange them.
Summarize the accounts, and within five days at the latest, the accounts of any branch in the country will be brought to the capital, and their little calculations can be seen at a glance."
Hearing the dissatisfaction in Liu Sichun's tone, the shopkeeper asked carefully: "Boss Liu, do you need to restrict withdrawals?"
Liu Sichun refused without even thinking about it and said: "We can't restrict it. They can withdraw as much as they want. Once the withdrawal is restricted and the news leaks, it will inevitably trigger panic among the people. Once a run is triggered, the bank will
Trouble."
The word "run" was too new for the shopkeeper to understand, but based on the context, he could get a rough idea.
In fact, even Liu Sichun learned the word run from Li Chen.
Before Li Chen left the capital, he had given her many instructions, including preventing a run.
It seems that Li Chen expected that once bad news came from the front line, it would cause problems on the bank's side, so Li Chen left many contingency plans specifically to teach Liu Sichun how to deal with various situations.
Seeing Liu Sichun's objection, the shopkeeper naturally kept silent.
Liu Sichun continued to read the account book.
After roughly browsing the account books, Liu Sichun quickly calculated in his mind and came up with a set of numbers.
"Currently, the total deposits of banks across the country are approximately 86.5 million taels, while the cash inventory is only 33 million taels, of which more than 22 million taels have been lent."
"Lending will inevitably result in bad debts, but we can recover the bad debts through the local official service, so the losses are not large, but it is inevitable that the borrower will disappear, die, and indeed be unable to repay. This part probably accounts for the entire loan scale.
One or two thousandths is still barely acceptable."
"With a deposit of more than 86 million taels, we have to pay nearly 30,000 taels in interest every month, and the profit we can get from borrowing it is about 80,000 taels per month, and then deduct the thousand taels.
One-half of the bad debt losses, after excluding the personnel salaries and other costs of banks across the country, the entire bank can maintain a monthly surplus of about 10,000 taels."
The shopkeeper was amazed when he heard the accounts calculated by Liu Sichun in his mind.
"Boss Liu is really good at calculating things," the shopkeeper said flatteringly.
Shaking his head and not accepting the shopkeeper's flattery, Liu Sichun said: "Opening such a large stall and earning ten thousand taels per month is actually almost equivalent to making no money at all. But according to His Highness, the most fundamental purpose of a bank is not to make money.
, but to lend money, revitalize the capital flow of private merchants and businessmen, and develop commerce throughout the world. Only in this way can the court obtain greater tax revenue. This is the fundamental purpose of the establishment of banks."
The shopkeeper immediately said: "Indeed, many business friends around me like to come to our bank to borrow money. Firstly, the procedure is convenient. Secondly, after all, it has the endorsement of the court, the process is transparent and simple, and most importantly, the interest rate is higher than other private banks.
Much lower.”
Liu Sichun sighed: "His Highness has said that if war is not inevitable, banks must not be touched now. Banks have just developed and are still very young and weak. They cannot withstand any risks. Once they suffer serious consequences, they must be in the minds of the people."
