After the college entrance examination, I became the strongest prodigal son

Chapter 286 Stocking
Even large companies are quite cautious in providing loans.

If a large company goes bankrupt, it's unimportant. Once Light Year Bank is involved, the loss will be tens of millions or hundreds of millions, maybe billions or billions.

This is unbearable.

Moreover, Light Year Bank has done well in the personal credit loan business, and now it has become the choice of Light Year Bank to work hard to cultivate this business.

In deepening this business, Light Year Bank is also actively developing other businesses.

For example, it is a pledge of goods!

Of course, among the goods accepted by Light Year Bank are those with high realizable value, such as raw materials, wine, gold, coal, grain and so on.

Things like cars and real estate are also within the business scope of Light Year Bank.

In fact, Light Year Bank took over a lot of real estate, shops and the like, and many of the real estate and shops that Light Year Real Estate bought directly from Light Year Bank.

Taking over directly from the bank, the price is relatively cheap, at least cheaper than the market price.

This is the reason why many people like to buy things at bank auctions.

In a conference room, Lin Chen listened to a report about the Southwest Branch of Guangnian Bank made by Zhang Cong and the management!

The total personal deposits and corporate deposits of the Southwest Branch are 6000 billion!

This includes deposits for Lightyear traffic.

The deposit of Light Year Transportation alone has reached 3000 billion!

Of course, in Guangnian Bank, this is not the most powerful thing. The most powerful thing is the Yiyi Bao launched by Guangnian Bank. This is a fund whose main investment direction is currency.

People can see the benefits every day, and depositing money on it is much more than depositing in the bank to earn interest.

The net asset value of Yiyibao has reached as high as 3000 billion!
This is undoubtedly a scary data!

Moreover, Yiyibao’s net asset value is still growing.

Lin Chen knew that there were a lot of people investing in Yiyibao, and this was a fund of [-] million people. Basically, it can be said that all families in China are involved with Yiyibao.

Because Yiyibao is a product launched by Guangnian Bank, this is also regarded as a major innovation in banking products.

Of course, because of the endorsement of Guangnian Bank, the growth of Yiyibao is a bit faster, which is also a normal thing.

After all, the public will not doubt the strength of Light Year Bank when they see Light Year Bank outlets all over the country.

This is all visible and tangible.

It's not like a product made by an Internet company. It feels a little empty. At the beginning, I didn't feel very trusted.

The total amount of deposits in Light Year Bank is very high, because Light Year Technology and its subsidiaries and their associated companies and business accounts are all opened in Light Year Bank.

The funds of Light Year Technology alone are now more than one trillion yuan.

Light Year Bank's total loans in the southwest region are 200 billion. This ratio is high, but it is not unacceptable, because personal loans account for 70.00% of the loans, which is a bit large.

In terms of profit, Southwest Branch made a profit of 230 billion in the first half of this year, which is not bad.

It is the continuous profitability of the subsidiaries of Lightyear Technology that supports the rapid development of Lightyear Technology.

Of course, now Lightyear Technology has no plan to take money from the subordinate holding company at all, but let the subordinate holding company reinvest the profits into development.

Lightyear Technology's projects are now supported by Lightyear Technology's own profits, and can continue to be supported.

A holding company means that it is not a wholly-owned subsidiary of Lightyear Technology!

For example, Light Year Bank, no!
Light Year Financial Group holds most of the shares of Light Year Bank, and Light Year Financial Group is a wholly-owned company of Light Year Technology.

In terms of company structure, it can be said to be lush and complicated. Even Chen Yu is not very clear now how many companies Lightyear Technology has.

I can only see a simple statistical data from the report. As for the specific operating conditions of each company, one person really does not have the energy to understand them all in detail.

After listening to the report, Lin Chen encouraged everyone in the Southwest Branch of Light Year Bank, hoping that they would make persistent efforts and create more profits for the company.

Of course, with the agreement to create more income for the company, their own income will naturally have a rapid growth.

Another thing is that Lin Chen handed Liu Ying and Qiao Yi to Zhang Cong and asked Zhang Cong to arrange them.

Mainly to take Liu Ying and Joey to understand the business of the bank and get in touch with more servants!

Yes, Lin Chen hoped that Liu Ying would contact more servants.

But banks can get in touch with all kinds of people in the society, from business owners to traffickers.

Zhang Mingming said that it was Lin Chen who was training Liu Ying, and he assigned Liu Ying to the credit department of Guangnian Bank, which was also the department for corporate loans.

Then after working in the bank for a week, Liu Ying told Lin Chen that she was going on a business trip!
Yes, I am going on a business trip.

The purpose of this business trip is to return visits to loan companies, or to conduct on-site inspections to see how the production and operation conditions of those companies are.

And chat with the people in the company!
If it is found that the business is in difficulty, it depends on whether it can be rescued. If not, how will the bank protect its own interests.

This point is very important!

As a commercial bank, Light Year Bank naturally has to guarantee its own interests!

"If you go with me, watch more and talk less, ask if you don't understand, and make less decisions!"

Liu Ying naturally knew that because of her special status, what she said might affect other people's decisions. Liu Ying was in the bank this week mainly to study and not to comment on anything.

"I know, Uncle, do you know that you are very talkative?"

Lin Chen: "I know, I want to hit you now!"

"Humph!"

Liu Ying snorted softly, packed up a few changes of clothes, and left. This was the first business trip in her life, and Liu Ying expressed that she was still a little looking forward to it!
Liu Ying and her group of five people drove out in a commercial vehicle.

Two men and three women!

An older man named Hao Jianzhong, who is almost 50 years old this year, has worked in the bank all his life and is an old employee of the bank.

When the Rongcheng Branch of Light Year Bank was first established, Zhang Cong poached it from other banks.

For Light Year Bank to grow so fast, it must be normal to poach people from other banks.

In fact, China is really not short of talents in this area.

After so many years of continuous investment in education, countless talents have been cultivated, and it is not an exaggeration to say that there is a surplus of talents.

In terms of senior scientific and technological talents, China is still lacking. Because of the emergence of Light Year Technology, scientific research talents have now become the focus of competition by various companies.

The remuneration of scientific research personnel has risen in a straight line, especially in Light Year Technology. The remuneration has made many senior high school students embark on the road of science and engineering when they apply for university.

The other man is much younger, but also in his thirties. His name is Xin Yuanping. He got married in Rongcheng, bought a house and a car, and is a standard middle-class person.

(End of this chapter)