Legend of Xiangjiang Tycoon
Chapter 383: Societe Generale Bank
On March 25th, Li Zhiwen once again met Nelson Tabia in the conference room at the headquarters of the Louis Vuitton Group.
"Nelson, sit down!" Li Zhiwen said to Nelson Tabia.
Then he told Isabel Adjani to the side: "Isa, go make Nelson a cup of coffee."
Isabel Adjani did it in accordance with Yan. In the past few days, Isabel Adjani has been studying with Li Zhiwen and acting as a secretary.
After all, Isabel Adjani wants to be in charge of a large group of more than one billion francs. Although there are professionals to help, they need to learn more.
As for whether he does something other than secretary work, I don’t know. After all, for the secretary, no matter what the boss asks, the secretary needs to obey unconditionally. Therefore, in recent days, Li Zhiwen's spirit has not been particularly good.
"Boss, this is the information on the loan of Societe Generale in Latin America that I investigated. Take a look!" Nelson Tabia handed a document to Li Zhiwen and said.
Li Zhiwen turned out the document brought by Nelson Tabia, and when I opened the title page, the first thing that caught my eye was the introduction of Societe Generale.
"The French Societe Generale was established in May 1864. It is a French state-owned commercial bank. It has more than 2,000 branches at home and abroad. Its branches abroad are mainly located in More than 30 countries and regions including John Bull, Bald Eagle, Belgium, Switzerland, Austria, Spain, Japan, Mexico, Argentina, and South Africa."
"The banks controlled by Societe Generale include eleven banks including Alsace Bank Corporation, Bank Center Corporation, Industrial and Bank Securities Finance Corporation."
"Business operations include various deposit and loan business, movable and real property leasing business, foreign trade financing, and foreign loan business."
"Societe Generale’s total assets reached 132.5 billion U.S. dollars, ranking fifth in the domestic banking industry."
"At present, Societe Generale’s total loans in Latin America are 43.2 billion U.S. dollars, of which Mexico’s total loans are ranked first at 5.75 billion U.S. dollars, followed by Argentina with 4.5 billion U.S. dollars. At 70 million U.S. dollars, Brazil and Venezuela occupy the third and fourth place respectively, with 3.99 billion U.S. dollars and 3.735 billion U.S. dollars..."
Li Zhiwen was stunned when he saw this. For the loan of more than 40 billion US dollars, don’t think about the total assets of Xing Bank of more than 130 billion US dollars. It does not refer to the total market value of Societe Generale, but its total deposits. Forehead.
And 40 billion U.S. dollars does not seem to be much compared to 100 billion U.S. dollars, but that is just the amount of loans from Societe Generale Bank in Latin America.
You must know that Societe Generale not only invests in Latin America, but also invests in traditional French colonies such as Tunisia, Morocco, and Congo in Africa.
Coupled with Societe Generale’s investment in France, Li Zhiwen can guess that the total amount of loans of Societe Generale is about 100 billion U.S. dollars.
According to the loan amount of 100 billion US dollars, Societe Generale’s loan-to-deposit ratio is as high as 75%.
In fact, the loan-to-deposit ratio still has room for change, but Li Zhiwen knew that soon Mexico would announce that it would not be able to repay the principal and interest of its public external debts that were due, and announced the indefinite exchange market to suspend the repayment of external debts.
This is the principal and interest of more than 25 billion public foreign debts, and Li Zhiwen estimates that in the principal and interest of Mexico’s public foreign debts, Societe Generale would have to borrow more than one billion US dollars in foreign debt.
Although it seems that it can be handled easily, the following countries such as Argentina, South Africa, Venezuela, Peru, and Chile will follow suit and will announce the suspension or postponement of loan repayment.
Based on Societe Generale’s loan ratio in these countries, Li Zhiwen estimated that at least 5 billion US dollars in loans from Societe Generale in this period cannot be recovered on time. As for when it can be recovered or simply cannot be recovered, then I don't know.
This is only a first-term loan, and there is a shortfall of more than 30 billion US dollars. This is definitely a difficult threshold for Societe Generale Bank.
So if Mexico refuses to repay its foreign debts and Societe Generale has a timely thunder, although Societe Generale will not fail, it will never be better, even if Societe Generale is a French state-owned bank.
But who would push the problem to the superior when the matter is not serious enough, if that is the case, the president of Societe Generale Bank will do it.
And even if it is pushed to the top, it may not be able to solve it. After all, this is not just a bank thunder, presumably other banks in France will not participate less.
With so many banks at once, who knows which bank the government will rescue first.
And the people don't care if you are a state-owned bank or whatever. Everyone is blind. When you see that your bank can't afford to make a deposit, don't you really have to wait for the bank to fail if you don't have any reason to do it.
Of course Li Zhiwen wanted the shares of Ju Yue Hennessy, and Societe Generale would not sell it to Li Zhiwen the first time.
I must wait until I really can’t continue to consider doing this. The previous step must have been to urge the Arnault family to repay the debt first, and then I can’t say anything that I can’t afford.
And what Li Zhiwen has to do is to make the thunder on the head of Societe Generale explode faster, and the damage area is larger, so that the Arnault family has less funds and farther away from the loan repayment.
As long as these two points are achieved, Juyue Hennessy is Li Zhiwen’s possession~www.readwn.com~ Thinking of this, Li Zhiwen said to Nelson Tabia: "Nelson, I give you a task!"
"Boss, you say!" Nelson Tabia said excitedly, sitting upright.
"You send people to other listed industries from the Arnault family on the market, and try to use up the cash flow in the hands of the Arnault family." Li Zhiwen said.
"I understand, boss!" Nelson Tabia agreed and said, "Boss, even if the cash flow in the hands of the Arnault family is exhausted, it will not help. After all, the majority of them are on the Societe Generale Bank."
"I know that at Societe Generale Bank, I will arrange for someone else to do it. You only need to do this well!" Li Zhiwen said.
Li Zhiwen didn't want to tell Nelson Tabia about his method of dealing with Societe Generale Bank. After all, Nelson Tabia is a white-skinned guy, and Li Zhiwen is not a confidant in handling such things.
Seeing the appearance of Li Zhiwen's chest, Nelson Tabia suddenly felt that he was also full of power. After all, a large group would be under his command.
Obviously Nelson Tabia did not understand Li Zhiwen’s thoughts. If the Juyue Hennessy Wine Group is taken, Li Zhiwen will be placed under the Louis Vuitton Group at the beginning to appease Nelson Tabia’s loss of cosmetics series. heart of.
However, at the right opportunity, the Juyue Hennessy Wine Group will be spun off and a new group will be established.
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