The Banking Bureau of the Ministry of Finance officially announced the total non-performing debt of 21 large banks in the first half of the year. The amount increased to 12 trillion yen, and the total off-book income from securities was 16 trillion yen, which was 1 trillion less than the red-headed document.
Debt increased by 2 trillion.
The reason is still the total amount of bad debts that continues to accumulate and the stock price that continues to fall.
Yesterday, Kitahara Sosuke went to the crowded Osaka Stock Exchange. The average Nikkei stock price is now more than 12,000. Most of the stocks that are still strong are falling, and many stocks he is familiar with have disappeared.
Tokyo Industrial Bank has also fallen for more than two months in a row, and its off-book income has been shrinking.
He asked Kobayashi Kyoko to calculate that if the Nikkei average stock price fell below 1,000 points, the total off-book income of the twenty-one giants would be less than 10 trillion yen, which would be lower than the debt. At that time, these giants would have to reduce their profits.
Allocate funds to cover debts, and even activate reserves to provide relief!
In addition, the Banking Bureau also announced an important news.
The implementation of the Bank for International Settlements regulations, which will set the proportion of banks' own capital at more than 8%, is tentatively scheduled for the end of 2092.
The Bank for International Settlements is a syndicate formed by the central banks of Britain, France, Germany, Italy, Belgium, Japan and other countries, together with Morgan Bank and Citibank of New York and Chicago, which represent the interests of the U.S. banking industry. It was originally established to settle German war reparations after World War I.
After that, it became an international financial institution cooperating with central banks of various countries.
To put it simply, it is a banking association formed by central banks from various countries to formulate some rules and systems related to international financial business and standardize international financial business.
The regulation to be implemented at the end of 1992 is to clarify the proportion of self-owned capital held by each bank that wants to participate in international financial business. Banks that do not meet the standard are not allowed to have international financial business. Those that meet the standard are based on the proportion of their own capital.
Check to what extent you can participate.
Twenty-one banking giants are naturally gearing up to enter international business. In order to increase the proportion of their own capital, during the most prosperous period of the bubble not long ago, the Bank of Japan and the Ministry of Finance approved the inclusion of off-book income from securities into the proportion of their own capital.
law in.
And now, it's time to reap the consequences.
The stock price plummeted, and the own capital was reduced as a result, and the ratio dropped, which was very unfavorable.
As the deadline for the implementation of regulations approaches, the banking giants finally feel the pressure. They must quickly solve the problem of bad debts and then make every effort to save the market and not let off-book profits drop any further!
Therefore, as soon as the bank bureau's announcement was issued, Kitahara Sosuke received the red-letter document from the head office's board of directors handed over by Saeko Sakurai.
They have formulated sprint target tasks for each branch, which are mainly divided into two parts -
The financing limit for non-real estate loans was increased, and performance indicators were clearly divided and distributed to individuals.
All bad debt issues are settled and dealt with, and rewards and penalties are distributed to each employee.
To put it bluntly, they are in a hurry!
I am really anxious now!
Before, I was able to sit back and relax, waiting for the workers below to complete the KPI targets, but now I can't. Off-book income has dropped sharply, and my debts are still rising.
This new document is also very real.
No matter how bad the situation worsens, the senior management above will always cross their legs and pat the table waiting for the front-line employees below to handle it. If they can't complete it, then I'm sorry. The problem is definitely not the policy I set, but your ability.
No, change!
If it still doesn’t work, keep changing!
If it succeeds, well, this is because of my good guidance; if it fails, if it goes bankrupt, I will cry bitterly at the press conference, saying that I have tried my best, but the employees can't do their best...
Just bow and apologize and that's it.
Snapped!
The red-headed document was thrown into the trash can in the distance by Kitahara Sosuke with a wave of his hand. Sakurai Saeko, who was bending to clean the office with her back to him, was startled. When she saw that it was a red-headed document, she even planned to run to pick it out.
He is the only one who dares to treat documents issued by the head office board of directors like this.
"What's wrong?" Sakurai Saeko handed him the poured barley tea. Kitahara Sosuke contacted Dr. Edward a few days ago, and yesterday he accompanied Sakurai Saeko to send Sakurai Neiko, who was paralyzed in bed, to the United States for recuperation.
This kind of thing can touch a woman's soft heart the most. She almost made a request to spend the night with Kitahara Sosuke, but later she gave up. She put on the pair of earrings Kitahara Sosuke bought from Ginza and became
More and more beautiful and moving.
The ripe fruit has a pleasant fragrance, just waiting for the moment to be picked.
She is willing to wait until he falls in love with her too.
"The new performance requirements issued by the board of directors of the head office. Our branch must liquidate more than 80% of bad debts before the end of the year. In addition, the new business requirement is 50 billion, which must be real estate loans." Kitahara Sosuke sneered, "The assessment is down to the individual head.
Even if the special financing project has reached a quota of 8 billion, it will not help."
The indicators that assess individuals are obviously meant to target the Osaka Chuo District branch.
"This is too much! 50 billion, how is that possible? There is also a liquidation rate of more than 80% of bad debts. By the end of the year, the total number of bad debts will be at least 80 billion, and 64 billion will be liquidated..."
Saeko Sakurai frowned. Having worked on the front line, she immediately realized that this was an almost impossible goal. No matter which one, it would push the branch to a dead end.
"It's not completely impossible. If we include all the security guards and cleaning aunties, the per capita financing limit is 500 million for half a year." Kitahara Sosuke laughed. This amount was once the goal of one classroom in the branch for a month. Now,
500 million per capita is shared evenly among all branch members!
This includes the informal staff and members of the downstairs operations department!
This seems to be a preparation for the worst. If off-book income continues to decline, and the Nikkei average stock price really drops by a thousand points, it will forcefully use new business profits to increase the proportion of its own capital.
This chapter is not finished yet, please click the next page to continue reading the exciting content! "I have drawn up new reward requirements. You and Ji Xiang will revise them again and send them back to the Finance Department, Audit Department, Risk and Compliance Department, and Human Resources of the head office.
Ministry, let’s just say it’s Sosuke Kitahara’s request, joking, asking me to clean up the mess, and improve my performance to this level, without giving me some decent rewards, is this sending me away to a bum?”
Kitahara Sosuke took a sip of barley tea, got up and ran to the refrigerator to get some ice cubes. He always felt that there was something missing in the office, and it would be better to have a TV next time.
Maybe we can get a bed. If we work too late, we can also make do with it in the office all night. In this case, wouldn't it be more appropriate to get a kotatsu?
Although summer is coming soon, winter will come as soon as summer is over, and he is quite afraid of the cold.
Kitahara Sosuke told these thoughts to Sakurai Saeko, who had a helpless smile on his face and nodded repeatedly, just satisfy all his requirements, as long as he is happy.
In the afternoon of the same day, Kitahara Sosuke's face was solemn, and he criticized the immature request of the head office board of directors at the branch branch's temporary meeting with great indignation. Because he was used to hearing his complaints against the head office, and had long been familiar with him, he was not afraid of anything and dared to offend anyone.
With a counterattack character, everyone behaved calmly.
Kitahara Sosuke encouraged everyone, and then turned around and asked them to continue working on special financing projects without paying attention to the amount of bad debts.
He also put away his lazy state and said that he would personally help everyone deal with all bad debt problems, so that everyone does not need to worry about this aspect, so that everyone can continue to conquer various automobile manufacturing companies and other physical enterprises in Osaka with peace of mind.
Although Kitahara Sosuke was scary when he first took office and exiled nearly one-third of the staff at once, he was really thinking about everyone and the branch. After feeling this, everyone was quite moved. There was no need to take chicken blood and feed them.
Chicken soup, just bowing one by one means that they will try their best to do business, advance and retreat together with the branch, and live and die together.
Moreover, they felt quite guilty for leaving all the bad debt problems to Kitahara Sosuke alone.
After get off work that day, the couriers of Kitahara Logistics carried the big bed into the branch and moved into Kitahara Sosuke's office. When they heard that he had to work all night, everyone felt even more admired and guilty.
Then the next day, the courier arrived carrying computers, TVs, and a new sofa. Everyone's eyes gradually became dull, and then the kotatsu and dining table came even more!
Kitahara Sosuke just spent a week leisurely in the office and apartment. The express delivery outlets acquired by Itoman Co., Ltd. were doing extremely poorly, and public complaints were boiling. The General Affairs Department and the International Trade and Industry Department had to pick up dozens of packages a day.
Complaint phone number, Itoman Express is even jokingly called "Turtle Express".
The company's logo was also painted as a giant turtle being eaten by direwolves.
Itoman Express, which could not withstand the pressure, declared bankruptcy less than a month after its establishment. Kitahara Sosuke bought back those outlets at a very low price. Employees who could not bear the loneliness and changed jobs before were re-accepted, but after rebuilding
Distributed to irrelevant departments and start from scratch.
Since then, Kitahara Logistics has completely established its dominance in the Osaka express delivery industry. Yamato Transport, which has been eyeing it, recently announced that it would withdraw from the competition and focus on the Tokyo area.
On June 15, Kitano Ran, the president of Kitahara Logistics, announced that Kitahara Logistics has begun to enter the next metropolis - Kyoto.
On the same day, Kitahara Sosuke finally waited for the first group of people to surrender.
Among the clubs that clamored not to participate in the loan repayment plan, there was the first wave of companies that took the initiative to invest.