Chapter 289 The whole story of the split of Development and Credit Bank

Style: Historical Author: Baichuan ZizhuWords: 6050Update Time: 24/01/12 12:17:00
After a routine organizational meeting at the Provincial Hall, Saint-Jesse was escorted back home by security guards.

The new presidential election has started recently, and all kinds of monsters and monsters have come out to act. Saint Jose was assassinated several times, but most of them were nipped in the bud by the Falcon Bureau and his security team, without causing much damage. Influence, after all, Blanca City is his home stadium.

His wife, Yin Lianna, has been taken back from the hospital to the manor where he currently lives. He has arranged for the best medical staff and nannies, and he is recovering well.

Yin Lianna is used to wearing a bathrobe or a big loose shirt after bathing and staying upstairs to read or listen to music.

After St. Jose and Yin Lianna had a warm relationship, they handled some affairs in the study on the third floor.

The first floor is the territory of the two siblings.

After the eldest daughter Brittany greeted him, she quietly went back to her room to do her own business. She did not stick to his old father as usual. The tutor Lina took good care of her.

After San Jose came back, he took a look at his youngest son. He fell asleep peacefully. He was very well-behaved and there was no big problem.

All is well at home.

His two children are now taken care of by his most trusted old housekeepers, Luke and Anna. Luke, the housekeeper, also has some blood relations with him. Luke was brought over from his hometown by Dilut Aragorn, an old friend of St. Hesse. Aragon's biological uncle, and St. Jose's mother and Aragon's mother are cousins.

Therefore, Luke can be regarded as a relative of his mother's family. He is 60 years old this year. He is still in good health and is quite trusted by Saint Hesse. Some female papers that are inconvenient will be handled by Anna, the deputy general manager.

Anna, the cook, works more carefully and is very capable. She manages the entire manor with Luke.

Luke has also been responsible for taking care of St. Hesse's daily life relatively early on, and has always done an outstanding job.

San Jose also secretly asked the Falcon Bureau to investigate Luke and Anna's hometown. There were no problems with their resumes. When Luke was young, he worked as an estate manager and servant in La Rioja Province, and also served as a servant to the British manor owner. , Anna has been responsible for some of the daily life of the big family in Buenos Aires. Later, because she could cook some oriental dishes, she was hired by Saint Jose as a cook.

Speaking of Aragorn, he is now completely independent and is mainly responsible for the streamlined Blue Delta security and the management of Valentine Trading Company. Aragorn was trained very well by Saint Hesse. He has been working steadily and has given birth to 6 children. , including a pair of twin brothers, who have made outstanding contributions to Argentina’s population growth.

The Aragon family has settled in the city of Blanca. The eldest son, Dilute Senor Aragon, is 5 years old and is in kindergarten. He is very smart and has completely inherited his mother's wisdom.

The Falconry Bureau and the elders of Blue Delta are responsible for the internal security of the Cohen Estate, and the La Pampa Defense Force is responsible for the external defense of the estate.

The size of this manor has long exceeded the size of the manor when General Thomas Jr. was in charge of Cordoba Province. It covers an area of ​​hundreds of acres. The decoration style is simple and restrained, and it does not look luxurious.

It is arranged like a small fortress by San Jose, and there is a huge underground defense project. It is a completely private armed estate of San Jose. The construction took a long time, starting from the time when San Jose took office at the Blanca City Hall. Under construction.

This was originally an outer suburb, and was originally used as a resort for St. Jose. When the Provincial Office moved to the Argerich district, the office of St. Jose was quite close to here, so we simply moved here. .

General Thomas Jr. is still serving in the Ministry of Defense, but he has become somewhat marginalized. The Cordoba gang has long distrusted him, and now he is still in contact with Saint Jose, and the relationship is getting warmer. Deputy President Jose has completely lost power. The Radical Party is unlikely to choose a soldier as its vice president, and Frandisi's vice presidential nomination is still under consideration.

It’s the beginning of the new year, and this year is a new beginning. Because of Yin Lianna’s physical recovery, and the busy affairs of the La Pampa Provincial Government Office, she cannot do without him, so Saint Jose does not plan to go to Buenos Aires for his father-in-law. Home, let your subordinates deliver gifts on your behalf.

This year's provincial government office faces greater challenges. The Radical Party has begun to prepare for the new presidential election, and it is bound to win.

The current presidential administration will not allow the Justice Party to participate in the general election and win the president. Small parties such as the Socialist Party, Republican Party and Democratic Party, the largest Socialist Party, have already formed an alliance with the Radical Party, so the new president is almost ready.

San Jose has turned from a speculative follower into a target of wooing both inside and outside the Radical Party. The La Pampa provincial constituency also has a relatively large population, and most domestic immigrants will have the right to vote in the new presidential election.

Argentina uses an indirect electoral system, which is simpler than the U.S. presidential election.

After several constitutional amendments, Argentine citizens, whether male or female, who are over 18 years old and have a certain level of education can basically vote after registering at an election station.

Moreover, the status of La Pampa Province has been greatly improved, and it has a certain voice in the Senate and House of Representatives. Moreover, his father-in-law is still the Minister of Agriculture, and the city of San Martin has not been completely penetrated by Cordoba.

As the designer of the city of San Martin, his influence is still considerable here, and many communication channels have been established between the city of San Martin and Blanca.

If Arturo Frandisi wants to run for president, he also needs a group of his own people. Of course, senior officials with real power are good supporters.

The Radical Party is pro-American, and the military government intends to improve relations with the United States, but at the same time it remains wary of American penetration, so this is a time bomb.

However, if Arturo succeeds in the election, he will inherit the mess left by two or three rounds of military coups, and the economy will be riddled with holes.

Sanjesé did not choose to wait for the price, but chose to stay firmly close to the Radical Party. The Radical Party is still a good platform that can help him achieve more things. As the leader of the La Pampa Radical Party, the Radical Party of the southern provinces There are also many people who support him, and the upper echelons of the Radical Party are also very optimistic about this outstanding young man.

Secretly, almost half of the newly emerged La Pampa Citizens' Alliance is his, which he personally supported to counterbalance and supplement. The Radical Party needs people who can hold up the scene, and the Socialist-Republican Justice Party also needs a little trouble.

Now the province of La Pampa has been almost turned into a barrel by San Jose. It is developing rapidly but also has various shortcomings.

Whether it is the current presidential palace or the presidential palace in the future, there is no need for the impenetrable La Pampa province. This is too sharp and can be easily targeted. A Saint Jose with shortcomings is a good La Pampa. High official.

Of course, La Pampa Province is just a small platform, and it needs to continue to work hard to become bigger and stronger. As someone who has lived in any prefecture-level city with millions of people, a province with a mere 3 million people Isn't it the size of a fourth-tier small town, where novices are pecking at each other, and they don't have much pride when they win, but they need more self-examination when they lose.

In addition to Blanca City, this year's economic development focus, the three coastal cities will also be key investment targets in La Pampa Province.

The amount of funds controlled by the province is more abundant and the scale is larger. After the independence of La Pampa Industrial Bank and La Pampa Commercial Bank, they have developed rapidly. From the beginning, the two combined could not beat Blanca Commercial Bank. Just pick one at random and you can give it a try with Blanca Commercial Bank.

This is inseparable from the support of the Provincial Government Department, and it is also inseparable from the downturn in the overall banking industry.

The economic downturn has taken advantage of the two banks. Many banks have been run and many have gone bankrupt. However, the two banks have a lot of backing. The development of Banco Blanca and Barron will be limited, while Bank of La Pampa The two brothers didn't know how to do it, and they even got a lot of support, especially from the state-owned banks in the south, which seemed to regard Industrial Bank of La Pampa as their savior.



Many new industrial and commercial families were born in Blanca City. The expanding economy of Blanca City not only created amazing wealth, but these stories of wealth also continued to attract more immigrants.

Sanjesé believes that Argentines are no worse than anyone else, they just lack a stable country and a good system that suits them.

Even Buno Abel, the boss of Buno Electronics, can only be said to be an ordinary genius.

Since the company went public, he has lived a life of luxury. Last year's business did not grow much, which disappointed Saint Jose to some extent, but he will not interfere too much, just normal business investment.

Therefore, he decisively withdrew his investment in Buono Electronics. This investment of less than 500,000 US dollars eventually made him 5.7 million US dollars. This money is worth spending in more valuable places, such as investing in the construction of steel plants. Or invest in Thunder Shield cars.

He has seen some more powerful business geniuses who have already emerged and become very successful at the age of eighteen or nineteen.

Blanca City now has a strong business atmosphere and many opportunities, including many Irish immigrants. They united to invest together, set up trading companies, set up factories, and even bought an entire street for housing rentals, which made things prosperous. A great group of guys too.

Most young people who suddenly became rich were ruined, while some young people who worked steadily had the opportunity to climb to a higher level. However, there are exceptions to everything. After all, some people are destined to achieve great things.

The current per capita income in Argentina is only about 350 US dollars a year, which is just enough to buy a Fiat car wheel if you don't eat or drink.

From half of the United States to only about 1/15 of the United States, it has been declining since the 1950s. Inflation has sharply reduced the wealth of Argentine citizens, while the per capita income of Americans has increased by 2-3 times, and the gap continues to widen. Big, this is the reason why many people want to immigrate.

This is also true. Even with star cities like Blanca and San Martin, Argentina has still lost a lot of outstanding immigrants. However, there are also immigrants from more backward countries, which is far greater than the number of immigrants abroad, so the population is still there. increase.

For outstanding immigrants from the middle class and above, they have a lot of savings and have money to eat, so they are more willing to immigrate to look for opportunities.

For such people, to use an old Chinese saying, if it rains and the mother wants to get married, let her be.

In Blanca City, the average annual national income can reach more than 400 US dollars. This is just the income of ordinary workers. If you are a doctor or lawyer, your annual income can reach 3,000 US dollars a year. This is Bu With the charm of Lanka City, everything is possible. If you are a factory owner, you can easily earn more than 50,000 US dollars a year.

Moreover, the economy of Blanca City is likely to increase by more than 70% this year. The Southern Petroleum Company is about to be completed, which can contribute at least 150 million US dollars in revenue, and the Blanca Steel Company is also about to be completed, and there are many projects. Completed in 1958, this will greatly expand the strength of Blanca City and La Pampa Province, and can also attract more immigrants.

After all, a Southern Petroleum Company needs more than 18,000 new employees, and the steel plant needs 25,000 people. Except for the necessary experienced people and management, San Jose will not call these people directly from the La Plata Steel Plant. Blanca City Recruitment.

Moreover, the wages in steel plants and oil companies are not low, and the annual income can reach more than 600 US dollars. This was St. Jose's salary when he was a soldier. When he served as a squad leader, it far exceeded this amount.

But in Argentina today, an annual income of 600 US dollars is a high salary and a very good job. Moreover, steel plants and oil companies also provide free accommodation and canteens, which can save a lot of income.

These people also participate in workers' associations, but under the organization of the Radical Party, they carry out various reforms relatively moderately instead of radically organizing general strikes. Saint Jose advocates limited social security and pension systems instead of unlimited welfare. This will bring down the entire country.

The port improvement work in Blanca City is proceeding in an orderly manner, the voice of La Pampa Province in the House of Representatives has begun to increase, and the military presidential administration has considered completely giving up power and holding a new round of presidential elections.

What happened at the Enco Electrical Fan Factory this time made San Jose see the potential of Argentine immigrants, who are no worse than Americans.

San Jose hopes to attract more immigrants, including white Brazilians and mixed-race people.

Argentina needs more people, La Pampa needs more people, and a large enough domestic market is the foundation for the rise of a great country.

This is a big project, and Saint Jose hopes to create more jobs and attract more immigrants.

Finally, the Bight of Blanca is connected.

The worst thing about La Pampa Province is that it does not have abundant water resources, whether it is water energy resources or water resources.

The places with the most abundant hydropower resources in Argentina are Paraguay and Bolivia, which were once in the Greater La Plata region. Now the possibility of developing a high-voltage transmission network is almost zero.

Perhaps this is Argentina's disaster, too many competitors and too few friends.

The United States is an opponent, Canada is an opponent, Australia is an opponent, and Brazil is an opponent.

Even though Blanca had a population of two million, he still felt like it was a ghost town.

However, this place really looks like a ghost town. There are construction sites and tube towers everywhere. The electricity is not rich enough to turn on all the lights at night. It is so dark that it is not a ghost town.

Blanca City is still a bit too small in the eyes of Saint Jose.



The San Jose Provincial Office actually established the Credit Bank of La Pampa at the beginning. It even surpassed the Commercial Bank of Blanca in a few months of development. However, it has never made money, has a lot of debt, and has huge internal risks, like a time bomb. , I don’t know when it exploded.

La Pampa Credit Bank was originally a suture monster. It was a breakthrough attempt made by Saint Jose, which was to relocate some of the administrative personnel in other ways while reforming the administrative divisions.

The contradiction in this matter is that the ideal settlement and the real interests have a big conflict, so Saint Hesse has to correct this matter.

Saint Jose's handling of this matter has indeed been problematic from the beginning. The establishment of the Vila Pampa State Assets Commission was simply a mess.

The interests involved are huge. The number of small banks now appearing on Asen Avenue is the result of St. Jose's efforts. He encourages competition rather than monopoly. The banking industry is a good industry for economic development.

A good bank should be very helpful for development.

As the top administrator of a province in Argentina, he cannot handle this matter in the same way as he governs the city of Blanca. This is both illegal and will have a bad impact on his team.

So he handled this matter more cautiously.

The reason was that the Credit Bank of La Pampa issued loans in large quantities without much supervision or attention.

Liabilities have expanded faster than St. Hesse expected, credit default rates remain high, and banks are bleeding money from their assets.

In order to appease local city halls from being merged and form a wide-area city hall, the La Pampa Provincial Hall transferred some benefits, such as a certain proportion of new city hall councilor positions, and the acquisition of some state-owned enterprises, one of which was very important. The solution was to establish the Credit Bank of La Pampa.

His purpose is simple. The La Pampa Provincial Government Office has no money and cannot completely rely on Barron's Bank and Blanca Commercial Bank. American Sequoia cannot provide unlimited assistance to Argentina and become his cash machine. Commercial companies need profits to support them. , performance is needed to sustain the company.

Of course, Saint Jose will not let Sequoia continue to expand indefinitely, otherwise Sequoia's scale may have exceeded 500 million U.S. dollars long ago. This is an extremely huge number that Saint Jose cannot control.

He used these funds to purchase shares of many foreign companies, while still controlling the size of Sequoia. Keeping a low profile is the way to survive in the United States, while making as few enemies as possible. However, Saint Hesse also knew that Sequoia had already been banned in the United States. People are following him. There are not many opportunities to make money like this. Some Argentines he sent to the United States have rebelled. Although he has dealt with some of them, life in the United States is indeed much better than in Argentina. The prosperity of Manhattan is not cloth. Enos Aires can be compared.

The complex holding structure he designed will collapse one day. Don't expect the big gangster leader to give you a fair fight.

Before that, he had to sell and transfer more assets and funds to Europe, Brazil, Japan, Hong Kong, Australia, and Canada to turn them into other capital.

Therefore, the establishment of a credit bank is a supplement to the control of the Department of Finance. Secondly, it can raise more funds for economic development. Thirdly, it can arrange a certain number of diversion personnel. It is impossible for it to make the Civilian City Hall too large and need to be streamlined.

After all, if you don’t have money, others won’t do it for you, so Saint Jose established this organization to achieve multiple goals with one stone.

Most of the bank management are local tycoons or large landowners, and the shareholding composition is also very complex. Almost every city in La Pampa has equity.

After the default, they could only acquire a large amount of non-performing assets, which caused the bank to suffer from indigestion and make no money at all. Moreover, the deposits it absorbed were actually pitifully low, and it also required a large number of loans from Banco Blanca and Barron's.

Cheap credit and reckless lending by credit banks created problems.

If it continues to be tolerated, it is likely to trigger a mini-financial crisis and undermine the economic development of Blanca City and La Pampa Province.

Therefore, less than 4 months after the integration, San Jose, who discovered that the situation was getting more and more serious, took decisive action and established the La Pampa Provincial United Investment Company, acquiring these shares one by one at a price much higher than the market price.

The credit bank had already fallen into negative equity. These guys were eager to cash out and leave, so they signed the contract happily, unless of course it was the station of the La Pampa Defense Force.

He split the banking assets of the Credit Bank into two entities, the Industrial Bank of La Pampa and the Commercial Bank of La Pampa.

The headquarters of Credit Bank was also moved to Assen Avenue, and its other assets were changed to La Pampa Investment Bank. The two banks were affiliated with the La Pampa Provincial Ministry of Finance, and the investment bank was changed to La Pampa State Assets Commission.

San Jose originally planned to establish an agricultural credit mutual bank to support the development of backward rural areas in La Pampa Province, solve short-term capital turnover problems, and establish a mutual agricultural credit local bank.

This is St. Hesse's usual method to prevent excessive concentration of resources, and it is also conducive to competition. Anyway, industries like banking are not heavy and chemical industries, and they need to be large to achieve greater economies of scale.

Argentina is big enough to accommodate two large banks, and local resistance has been significantly reduced after the split. It was very difficult for credit banks to integrate this useless financial asset.

After the split, the two banks were operating lightly and were in good development status. They also had the effect of 1+1 being greater than two. The debt ratio dropped all the way and a large number of local assets were sold to other state-owned companies.

The Credit Bank incident also dispersed some local opposition forces, allowing his support rate to continue to increase a lot.

Some non-performing assets were well dealt with. As the development of the two banks improved, the return of deposits gradually increased. They also acquired many local banks and established a preliminary national banking network.