As time went on, all aspects of East Asia Bank's projects progressed smoothly.
In terms of individual savings, East Asia Bank has attracted hundreds of thousands of customers in the past three months.
This figure is less than five per thousand of Russia's total population.
In fact, a customer base of several hundred thousand is already considered a huge user group.
It's important to understand that at that time in Russia, most people still preferred to conduct business with state-owned banks.
People's preconceived notions about private banks are not entirely accepted.
However, over time, East Asia Bank's strength has gained some recognition.
That day, Chen Dong called Sim over for a meeting.
It was supposed to be a meeting, but in reality, there were only three people there: Sim, Chen Dong, and Wolong.
Chen Dong, as the true owner of Dongya Bank, is actually hiding behind Sim.
Sim, on the other hand, was appointed as the president of East Asia Bank.
After the two met, Chen Dong said, "Sim, from now on, I need your help to contact state-owned banks."
"Huh? Why?"
"Oh! Chen, do you want me to poach talent from state-owned banks?"
Good idea...
As the saying goes, "One who stays near vermilion gets stained red, and one who stays near ink gets stained black."
Nowadays, Sim's businessmen have mastered the art of thinking, but he still misunderstood.
Chen Dong waved his hand and said with a faint smile, "Of course not, at least not now."
"I asked you to contact the state-owned banks because I wanted to use East Asia Bank as collateral to get a loan from them."
As soon as Chen Dong finished speaking, Sim was completely taken aback.
Sim looked at Chen Dong with a shocked and astonished expression.
"Chen, are you short of money?"
As soon as he asked the question, Sim regretted it.
In Sim's mind, Chen Dong was a super bank, so how could he possibly be short of money?
But why would Chen Dong, who is not short of money, insist on taking out a loan?
He just couldn't figure that out.
Chen Dong glanced at Sim, then organized his thoughts and said, "Sim, I'm a businessman, I certainly won't do anything pointless."
"The exchange rate between US dollars and rubles in the private sector is almost breaking 1 to 1. Believe me, you don't need to worry about anything else for now. You just need to borrow from state-owned banks, and you can decide the reasons yourself."
"The ultimate goal is to borrow as many US dollars as possible."
"Go and talk to them first. Once you've reached an agreement, I'll tell you what to do next."
Chen Dong gave a half-joking explanation, then hurriedly left.
Sim seemed to be deep in thought.
On the black market, the exchange rate of the US dollar to the ruble is indeed much higher than the bank's recommended exchange rate.
Does he believe the ruble will depreciate?
Although Sim didn't understand Chen Dong's purpose in doing this, he still did as Chen Dong asked.
Five days later.
Sim arrived at the door, travel-worn and weary.
This time he brought good news.
In just a few days, under the pressure of money, Sim managed to build connections at various levels and eventually made contact with several high-ranking officials at the state-owned bank.
Now he came to see Chen Dong to inquire about Chen Dong's next steps.
"Can these people be trusted?" Chen Dong asked rhetorically.
Sim nodded, confidently stating, "I've already bribed them. If they don't side with us, then I might consider taking them out!"
Men from the fighting nation are no joke.
If such a thing were to happen, the direct consequence would be that one of the two sides would fall.
Chen Dong nodded upon hearing this, "If he can be relied upon... then that's settled."
"Take this contract with you when you meet with them, and do everything according to the contract."
A contract was placed in front of Sim.
After examining it carefully, Sim didn't find anything particularly special about it.
So, on that very day, Sim took the contract and went to meet with the high-ranking officials he had bribed.
Inside the bank president's office.
A senior official frowned and questioned, "Sim, you said that future repayments can only be made in rubles. What does that mean?"
"Yeah, Sim, what are you doing?"
It's important to know that such clauses are not typically found in loan agreements.
Sim's eyes darted around, but he remained completely calm.
On his way to the bank, he had already prepared his explanation.
Immediately, Sim, puffing on his cigar with a nonchalant expression, asked, "What's the problem? I borrowed dollars and will return rubles; I won't lose anything."
"It's just for my own convenience in managing my funds. After all, most of my clients still use rubles."
The senior executives looked at each other.
That makes perfect sense!
It's all money anyway, whether it's US dollars or rubles, it's all currency.
Furthermore, they had already been bribed by Sim, so their participation in this meeting was merely a formality.
Immediately afterward, Sim urged, "Oh, my dear friends, there's no need to hesitate."
"Contracts have legal force. Do you think the ruble isn't currency?"
These words left the others speechless.
They can't really think the ruble isn't a major currency.
"Okay!" The bank manager nodded in agreement.
The other vice presidents and supervisors echoed this sentiment.
"agree!"
"agree!"
Sim nodded in satisfaction and continued.
"Gentlemen, we need to use this money until 1993. At that time, we will settle the principal and interest in one lump sum in rubles. Even if the interest is a bit high, it doesn't matter."
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