Private banking has a long history.
Private banks already existed during the Crusades.
During that period, eight large-scale wars broke out on the eastern coast of the Mediterranean.
In times of war, nobles who led troops into battle would entrust their property to other nobles in order to protect it.
This was the nascent stage of private banking.
In the mid-16th century, nobles from a certain country who had been ostracized transferred their property to Switzerland in order to protect it.
At this time, Switzerland had maintained neutrality and pursued peace.
In addition, their relatively sound systems and credit mechanisms, along with other favorable conditions, attract wealthy people from various countries.
These people entrusted their wealth to Swiss banks for management, thus giving birth to private banks in the true sense of the word.
Subsequently, under the influence of the Industrial Revolution, London became the center of international trade and wealth transactions.
Private banks also emerged during this period, and it was the rise of private banks in London at this time that broadened the horizons of many people.
The establishment of private banks is no longer a difficult task; rather, they already possess a very reasonable management system.
After World War II, the United States became the world's leading power, taking a leading position in global economic development and becoming the center of global capital convergence.
All of this is inextricably linked to the Vanta Project.
One of the core aspects of the Vantaa Project was the establishment of private banks.
At this time, Chen Dong, who was in Moscow, seized the opportunity and began to build his own financial capital empire.
...
In one of Moscow's most bustling areas, a private bank quietly emerged.
"Hey Chen, I think they've crooked the sign?"
"Oh no, damn it, you should move to the left. Idiot, that's the right! I said the left!"
A ceremony was held at the entrance of the bank to mark the completion of its plaque.
Sim waved his arms, constantly directing the workers.
Chen Dong, Yulia, Wolong, and others watched the spectacle from a distance.
In the end, Wolong couldn't stand it anymore, so he simply took action and quickly adjusted the plaque according to Sim's instructions.
The hot-tempered Sim also gave the two workers a dressing down.
Despite the complaints, the wages were still paid in full.
Chen Dong walked over and smiled at the two workers in fluent Russian.
"Don't mind him, he's just excited. Today is a special day for us."
The workers didn't seem to mind, after all, they had kept that sign up for a full half hour, which was indeed a very poor performance.
During their casual conversation, Chen Dong casually revealed some information about the bank.
Simply put, it's about instilling a concept in these two workers.
Money, if kept in your own hands, is just money; it won't change for the better. It will simply be spent or remain stagnant over time.
However, if you deposit it in a private bank, you can receive a reward.
The more you store, the more rewards you will receive.
"Oh, I see."
"My God, these guys never tell us this."
The service attitude of a local state-owned bank is evident.
Moreover, the situation is even worse for smaller customer groups like workers.
In terms of cash flow, it is also not as efficient as private banks.
One of the workers exclaimed excitedly, "If that's the case, then I can make a small profit every year, right?"
"Of course," Chen Dong replied with a smile.
Afterward, the two workers finished their work and left in a hurry.
Yulia looked at Chen Dong with great confusion and asked, puzzled, "Chen, did you open a bank hoping to attract people to deposit money?"
"Of course not."
Chen Dong smiled calmly.
In reality, Chen Dong didn't care whether the two workers would spread what they heard or whether they would be inspired to save money.
Chen Dong looked at Sim and suddenly asked, "Sim, what are your thoughts on what I just did?"
Sim blinked.
A person who can wield real power in a government department is definitely not an empty shell.
On the contrary, Sim's reaction speed is still very fast.
Sim hesitated for a few seconds before tentatively asking, "Are you trying to remind us not to be like those state-owned banks? Or do you want us to focus on all customers, even potential customers?"
Upon hearing this, Chen Dong nodded happily.
This time, he and Sim were in perfect sync.
Although Chen Dong's purpose in opening a private bank was not to absorb a large amount of deposits here, but rather through another method.
However, the bank has already been opened.
After all, it's a place where businesses are open for business. If the business itself isn't doing well, it will affect Chen Dong's next steps.
After all, no one would be interested in an empty shell of a private bank.
If its core business collapses, the private bank will quickly go under and will not attract the attention of state-owned banks.
Chen Dong did not elaborate much on this.
The first private bank was completed, with the words "East Asia Bank" prominently displayed on its plaque.
Chen Dong had thought about his name for a long time.
Ultimately, Chen Dong decided to use one character each from his and Yulia's names.
For a period of time afterward, Sim and Chen Dong had a clear division of labor.
Sim is very familiar with the local area, which is why he selects the locations for each bank.
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