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Chapter 1142 Year-end Summary

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    After seeing off the guests from all directions, the atmosphere in Jiangnan Building suddenly became tense, and there was no slack at all as the New Year was approaching.

    All the senior management of the group, as well as the main persons in charge of the subordinate companies, also stayed at the headquarters, preparing to participate in the second group meeting.

    And before the annual meeting, Mr. Zhao will also listen to the year-end reports of each of his companies together with the board of directors, strategic decision-making committee, and supervision and supervision committee.

    Last year when the group was founded, Mr. Zhao just had a brief chat with the heads of each company at the Jiangnan Guest House, and asked about the preparation status of each company, what difficulties it had, and what they planned to do this year.

    Now that the first year of the five-year plan has passed, we must make real progress to pass the test.

    The offices of each company are on the second floor, and the conference room No. 1 for listening to reports is on the third floor.

    The bosses on the second floor seized the last moment and sharpened their skills with their subordinates in order to get at least a passing score of 60 when it was their turn.

    ¡°After all, except for those few cows, everyone¡¯s performance is far from glorious, and some are even losing money If the evaluation fails, not only will the year-end bonuses of all employees in the company be wiped out, but the company¡¯s management will also be demoted.

    How can you survive this?

    ??~~

    The first person to make a report was Jiang Xueying, but she was not the president of the group, but a representative of Jiangnan Finance.

    Jiangnan Finance currently only has Jiangnan Bank under its jurisdiction, so Jiang Xueying¡¯s report was Jiangnan Bank¡¯s report.

    In the past year, Jiangnan Bank has made great achievements. It has successfully spread its network to the northern and southern Beijing, ten prefectures in the south of the Yangtze River, along the canal, and also established branches in the coastal areas of Shandong.

    When Jiang Xueying reported that the Jiaozhou branch of Shandong Branch, established on the eighth day of this month, happened to be Jiangnan Bank¡¯s 100th branch in the country, thunderous applause broke out in the conference room!

    After the applause stopped, Jiang Xueying continued to report calmly, as if she had only achieved an insignificant result.

    She announced that as of the end of last month, Jiangnan Bank had issued a total of 80 million taels of silver notes!  Among them, the denomination in circulation is as high as 73 million taels.  The goal of monetizing banknotes has been initially achieved.

    In addition, Jiangnan Bank¡¯s depositors¡¯ deposits have reached 69 million taels!  In just one year, all the tasks of ¡®absorbing 50 million taels of reserves¡¯ set in the First Five-Year Plan were exceeded!

    Thunderous applause sounded again, and everyone who listened to the report gasped. They knew that Jiangnan Bank had become the number one bank in the Ming Dynasty.  But I didn¡¯t expect that it has reached the point where it has more money than the original four major banks combined!

    The reason why such miraculous achievements can be achieved in one year is not only that the spring breeze of Jiangnan integration has greatly boosted the business expansion of Jiangnan Bank.  To a large extent, it was also because Hengtongji took the initiative to give away people's heads.

    Before Hengtongji launched the run, the depositors of Jiangnan Bank only had 20 million taels of silver.

    After foiling Heng Tong Ji¡¯s conspiracy, Jiang Xueying used three times the interest to drain Heng Tong Ji¡¯s money deposits in Jiangnan in the name of revenge.

    Then completely drive him out of Jiangnan and replace him as the well-deserved leader.  With this victory, Jiangnan Bank established an invincible image in the minds of customers, and its business scale expanded rapidly.  Not only were Hengtongji's depositors frantically moving, but Wanyuanhao, Xinlong, and Tianhuidang were also affected, and their deposits were reduced by more than half.

    Now Jiangnan Bank¡¯s inventory of silver has exceeded 100 million, and it is truly in an invincible position.

    In addition, Jiangnan Bank also issued 10 million taels of bonds and provided low-interest loans of 7 million taels to its affiliated companies.  It can be said that, as the shopkeeper Song said, the entire Jiangnan Group relies on Jiangnan Bank for blood transfusion!

    "The biggest problem now is that we have too much silver in stock and too few loans." The morning sunlight shines through the large glass window on Jiang Xueying's pretty face. She frowns slightly and says: "  Loan interest plus exchange fees are all the bank's income, which is just enough to pay normal deposit interest. If this problem is not solved, the losses will become more and more serious."

    Yes, Jiangnan Bank, which has 100 million taels of silver in stock, recorded a loss of more than 2 million taels this year!

    One million taels of which is the cost of recruiting soldiers and horses to build outlets.  The other one million taels is paying the price for the previous three times the interest on savings.  This is called saving money for a while, but paying interest will hurt you

    Therefore, the number one task of Jiangnan Bank next year is to lend money. It needs to lend another 10 million taels to the outside world in order to turn losses into profits.

    Of course, there is another way, which is to increase the loan interest rate and balance the expenses immediately.  But that would violate the original intention of establishing Jiangnan Bank - to absorb society's huge dormant funds and use other people's money top; Master Zhao pursed his lips and said nothing. Why don¡¯t I feel this way?

    Oh, by the way, Xishan Company belongs to me too

    In the end, Jiangnan Building Materials received a good evaluation of 75 points.  As a reward, employees' year-end bonuses are doubled.

    ??~~

    ?Then came Chen Huaixiu¡¯s report on the operations of the Royal Sea, which Zhao Hao was very familiar with.  To put it briefly, since March, Royal Shipping and its predecessor Jiangnan Shipping have completed a total of 18 round-trip sea transportation, transporting a total of one million dan of grain which is still half of the two million dan per year agreement with the Ministry of Revenue.

    But that is mainly because before September, 400 sand ships were used, and the transportation capacity was quite limited.  Now that it has been replaced by a large ship with thousands of materials, it will definitely be able to complete the grain shipping task on schedule.  (Remember the website address: www.hlnovel.com
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