Looking at Xi Zhengjiu, Nasrnukh smiled. He hadn't expected Xi Zhengjiu to come to Beijing, and even to be the president of the Beijing Bank.
Back in Dongning City, Xi Zhengjiu was just a finance staff member at the auction house. He only had contact with Xi Zhengjiu when the auction funds were being paid.
Back in Dongning City, because the Nasrnuh Trading Company had a lot of auction funds, he had a lot of contact with Xi Zhengjiu.
Later, Nasrnuh Trading Company purchased Dongning goods in Dongning City on several occasions, and its contact with Xi Zhengjiu became more and more frequent.
Later, I heard that Xi Zhengjiu had been promoted and transferred, but I never expected that he would come to take charge of the affairs of the Beijing Bank.
Looking at Xi Zhengjiu, Nasrnuch said with a smile, "President Xi, it's been a long time! I didn't expect you to come to the capital."
Mr. Nouch,
Xi Zhengjiu also laughed and said, "It's been more than half a year since we last met after we parted ways in Dongning City."
"If I do the math, it's been almost a year."
Nasrnuch nodded and said, "Time really flies!"
"yes!"
After exchanging pleasantries for a while, Xi Zhengjiu looked at Nasr Nuh and asked, "Mr. Nuh, what brings you to the Beijing Bank for this loan? Doesn't your Nuh Trading Company need money?"
"President Xi, what are you saying?"
Nasrnukh smiled and said, "We, Nukh Trading Company, are just merchants. How come you don't lack money?"
"That shouldn't be the case!"
Looking at Nasr Nukh, Xi Zhengjiu said with a smile, "I heard from His Majesty that your Nukh Trading Company bought 30,000 flintlock muskets this time. How could you not have the money for such a large quantity?"
Mr. Nouch,
Xi Zhengjiu smiled and asked, "Five million guan is no small sum. Mr. Nuhe, what is the purpose of your loan of so much money? Do you have any good projects in the capital?"
"Nothing can escape President Xi's discerning eyes."
Nasrnuch smiled and explained, "Well, the auction for the shops at the train station is about to begin. How could I miss such a good opportunity? However, most of the money I brought with me has already been spent, and I don't want to miss such a good opportunity, so I thought I'd come to the Beijing Bank to borrow some money to solve my immediate problem."
"oh?"
Xi Zhengjiu suddenly realized and said with a smile, "I knew it! Your Nuhe Trading Company is so wealthy, how could you not have money? You said it's for the auction of shops at the train station, which is understandable. Mr. Nuhe, have you found a suitable location?"
"I've looked at a few."
Nasrnuch nodded and said, "This is a great opportunity, we certainly can't miss it. President Xi, do you think there are any additional procedures required for the loan?"
"No."
Xi Zhengjiu shook his head and said, "With these collateral and my guarantee, the loan can be processed immediately. Mr. Nuh, I wish you every success!"
"Thank you, President Xi!"
Nasrnukh quickly thanked him, saying, "We wouldn't know what to do without you this time."
"Alright, we're all old friends, no need to thank me."
Xi Zhengjiu smiled and continued, "There's one thing I need to tell you in advance: the interest will be handled according to the rules."
"I understand, I understand!"
Nasrnuch nodded and said, "President Xi, once his cash flow improves, he can repay the loan."
"good!"
Xi Zhengjiu nodded, then signed a document and said, "Mr. Nuh, I have something to attend to, so I'll have to keep you company for now. See you next time!"
"Okay, see you next time!"
Nasrnuch nodded.
After Xi Zhengjiu left, loan specialist Wang Kang processed the loan application for Nasrnukh.
Five million strings of cash, in new banknotes.
Monthly interest rate of 0.9%.
This agreement was signed only because of Xi Zhengjiu, the president of Beijing Bank.
The agreement stipulates that the principal and interest will be repaid after three months.
With the help of President Xi Zhengjiu, the loan application process went very smoothly.
After the process was completed, loan specialist Wang Kang also opened a private account for Nasrnukh, where all the money was deposited.
Furthermore, Nasrnouchi was told that the money in this account could also be used at the shop auction.
After all, the auction of shops at the train station was also handled by the Beijing Bank.
Upon hearing this news, Nasrnouchi nodded, agreeing with the Capital Bank's approach.
After completing the loan, Nasrnukh did not leave immediately, but stood near the Capital Bank, carefully observing the Capital Bank's actions.
One of the attendants looked at Nasrnukh and asked, "Sir, how exactly does the Capital Bank make money? They even offer such high interest rates on deposits. I originally thought they made money from loans, but after thinking about it carefully, there are so few people taking out loans while there are so many depositors. They can't make much money in a short period of time."
"That's true."
Nasrnuch nodded and said, "The profits of Beijing Bank are roughly in two directions. The first is loans. The interest rate on deposits at Beijing Bank is only 3%, while the interest rate on the loans we bring out is as high as 9%, and that's only because of President Xi. The interest rate difference between loans and deposits is as much as 6%, and that's how Beijing Bank makes money."
"The second is remittances. Beijing Bank has remittance services all over the world. As the number of branches in various places increases, the remittance business will definitely increase, and the profits in this area will not be small. After all, no one wants to carry so much money when traveling north and south."
"There don't seem to be many borrowers right now, but that's because the Capital Bank has just been established and hasn't made a name for itself yet. Even though our loan interest rate is as high as 0.9%, it's still much lower than the usurious rates in the capital. Once we establish a reputation, the Capital Bank's loan business will definitely get better and better. Then you'll be able to make a lot of money. Most importantly, the Capital Bank is backed by the imperial court. Even if some usurers on the street see this and are unwilling, they won't dare to cause trouble for the Capital Bank."
"This is a sure-fire way to make money!"
Nasrnukh's eyes darted around as he said, "It seems we need to pay close attention to how the Capital Bank operates. Once we return to Persia, we can adapt the Capital Bank's model to our country. Then, we can also make money from this industry!"
"Your insight is brilliant, sir!"
Upon hearing Nasrnukh's words, the attendant's eyes lit up, and he quickly nodded in praise.
Meanwhile, Nasrnukh was increasingly impressed by the Great Gan Kingdom, and every new thing there amazed him.
He knew in his heart that if he could follow in the footsteps of the Great Khanate and develop, Persia would surely become better and better.
It seems we need to work hard to firmly tie ourselves to the great nation!
Thinking it over, Nasrnukh solidified his idea!
Continue read on readnovelmtl.com
