Bulgarian Empire

The Wiebots were quick to respond, and they were ready to buy the treasury bonds as soon as they were issued, and more people chose to wait and see.

Generally speaking, the middle class is the vanguard of purchases. There is no way that the financial market in Bulgaria is so conservative?

You don’t even have to play with stocks. Apart from depositing money in the bank, it is difficult for most people to find other investment channels. You can’t speculate in real estate, right? ? In this era of real estate speculation in Bulgaria, the custody will be lost! It's no surprise to buy government bonds.

Nicholas found a very strange phenomenon, that is, the business of Royal Bank and Union Bank is very good, but the Bulgarian National Bank is not interested.

This can't be done. Although he can't compete with Royal Bank and United Bank, he is prepared in his heart. For this reason, he does not hesitate to sell government bonds with his own face, and he wants to tie the three together, but the gap can't be so big, right? ?

Nicholas thought to himself: We must find a way, otherwise the gap will still be so big, and the government will think that the National Bank is deliberately tearing down and not cooperating with the sale of national debt!! There will definitely be a major operation on the National Bank...

Nicholas's political sense is still very sensitive. At the moment of life and death, he decisively chose to hold a high-level meeting of the bank to find a way!

Aren't you all very capable at ordinary times?? Now look at your performance in treasury bond sales, and then look at other people's performance!

Last week, the Royal Bank sold more than 13 million levs of government bonds. Even after deducting the 5 million levs subscribed by the king, there would still be more than 8 million. As for the Union Bank of Bulgaria, they also sold 12 million. million levs.

what about us? ? I'm too embarrassed to say it, my face is full of panic! ! Eight hundred and eighty-eight thousand eight hundred and eighty-eight levs, a very auspicious number! ! It's a pity that it's not enough for a fraction of other people's, and even if it doesn't help, you can add another eight to me!

Well now, even less than one-tenth of other people's, the reputation that the National Bank has accumulated over the years has been wiped out by you! You all give me a summary of the reasons, and quickly come up with a solution. Do not seek to surpass others, at least not too far behind! !

There was no sound underneath, and even people who usually didn't deal with Nicholas didn't dare to open their mouths! They were all stunned by the botched performance of the National Bank's treasury bond sales.

It would be better if there was no comparison between Royal Bank and Union Bank, and there are reasons to shirk. Now there is no need to explain anything, and everything that has happened shows that - their incompetence! !

...

In fact, the excellent performance of the National Bank has attracted Ferdinand's attention. I have never seen such a bad one before! After all, it is still a state-owned bank, with deep roots, and even if it is surpassed by two rising stars in treasury bond sales, they have opened up!

Sitting on so many high-quality resources, up to now there is not even a fraction of others, which is too much! What's more, after so long, no effective measures have been taken!

Well, the measures taken by Nicholas were ignored by Ferdinand, the point is that he was dissatisfied with the National Bank of Bulgaria! !

As the only state-owned bank in Bulgaria, it doesn't even know its main responsibilities! ! Ferdinand doesn't care whether it is profitable or not, but you always have to go with the country's policy, right? ?

Since there is no cooperation with government policies, then purely commercial operations should always be profitable, right? ? If the annual profit is hundreds of thousands of levs, it is barely profitable!

But think about the government's annual funds of hundreds of millions of dollars, the interest of a big one has not been paid, the government has also waived its taxes, and attached a large number of preferential conditions, Ferdinand can't wait to kick it away!

...

At a regular high-level government meeting in November, Ferdinand threw the problem out.

Ferdinand: Prime Minister, what is your cabinet going to do with the mess with the Bulgarian National Bank?

Hearing what Ferdinand said,

Constantine immediately understood, since the boss has defined it as mess, of course, it must be dealt with seriously!

Konstantin also has no good impression of the National Bank, especially in the sale of national debt, which is simply slapping the government in the face! ! If it weren't for the good performance of the other two banks, he didn't know how to end it?

After sorting out his thoughts, Constantine said solemnly: Your Excellency the Grand Duke, the problems of the Bulgarian National Bank have a long history, the management system is chaotic, the internal problems are serious, and they have rotted to the root!!

Taking the recent sale of national debt as an example, the three major domestic banks in Bulgaria have undertaken at the same time. Up to now, more than half a month has passed. We can compare:

The sales channel of national debt of the Royal Bank is 18.75 million leva; the sales of national debt of the Union Bank is 19.68 million leva; the sales of national debt of the National Bank is 3.56 million!

From the above data, we can see that there are serious problems in the National Bank, and it is imperative to rectify the National Bank! !

After listening to Constantine's words, everyone was a little surprised. The sales of government bonds went smoothly. If it wasn't for the National Bank's delay, maybe the first batch of government bonds would have been sold by now!

There was no objection to the rectification of the National Bank. They were all promoted after Ferdinand. The interest chain in the National Bank had little to do with them, so naturally they could not object.

Anti-Corruption Commissioner Boris Christoph, can't sit still. Since the anti-corruption campaign a few years ago, they have never had the opportunity to make big moves. After all, stability overwhelms everything during the development period!

Now comes the opportunity, how bad the Bulgarian National Bank is, except for themselves, Boris knows the most, it can be said that a lot of problems can be found out casually.

Your Excellency, there may be serious problems with the accounts of the Bulgarian National Bank. I suggest that while rectifying the bank, we will also send a special team to verify it!! Boris said with a righteous face

After listening to Boris's words, other people looked complicated, and they all kept their distance from everyone in the Anti-Corruption Bureau. Without the sharp sword on its head, it could be cut off at any time. Moreover, the anti-corruption bureau has a very detached status. In name, it is led by the government. In fact, it is directly responsible to Ferdinand. The Prime Minister's account is not bought by Boris! !

Ferdinand was very satisfied with the cooperation of his younger brother, and said very sternly: Check it out for me!! Boris and the Anti-Corruption Bureau will investigate to the end this time. I don't care how many people or big people are involved, I will arrest them. One counts as one, no mercy!! If anyone dares to intervene, they will be caught first!

After speaking, Ferdinand glanced at the people sitting, looking very angry. In fact, Ferdinand's heart was full of joy. As soon as the government was short of money, someone came to the door. No wonder the ancient emperors liked to keep a few corrupt officials. It was the only weapon to solve the financial crisis! !

...