If you do not use magic crystal cards and use more primitive accounting methods, anti-counterfeiting will be the most difficult problem.
If you want to imitate the use of magic anti-counterfeiting technology on bonds, all tellers must be replaced by magicians. How many magicians are needed?
Even if you spend money at all costs to solve the cost problem of acquiring customers, it does not mean that customers will come to your door.
No matter how good Hudson’s reputation is, the bank is still new and it will be difficult to attract enough deposits unless it offers high interest rates to attract it.
In contrast, the opposite is true for loans. A large number of nobles are waiting for the rice to fall into the pot. As soon as the news is released, a large number of customers will flood in, and the bank will be emptied in a few days.
“Duke, should we also shelve the development bank project you planned?”
Rudolph asked slightly hesitantly.
Hudson has been preparing for this project for a long time. Preparations have already begun since the fiefdom of Xueyue Territory was determined.
The training of employees started two months ago, and even the location of the store has been specifically planned.
“The Development Bank is open for business as normal, but the situation has changed and our plans have to be adjusted.
The original plan was to cover all the nobles in the Near East and Northern Xinjiang, but now we are the only one investing, so the scope must be narrowed.
For the first round of loan disbursement, we only target the descendants of the branch of the clan and the nobles with close relationships.
The loan amount must also be limited, based on a comprehensive assessment based on the value of the collateral items and the security of the funds.
The higher the risk, the lower the mortgage discount and the higher the loan interest rate.
However, considering that most of the early customers are family members, the loan interest rate is tentatively set at 15%, and will fluctuate later based on the actual situation.
The total amount of the first batch of loans is tentatively set to be within one million gold coins. Considering the difficulty of absorbing savings, we will not set a goal to absorb funds in a short period of time.
In the early stage, branches are opened in Shandiling, Xueyueling and Wangdu. If you deposit funds at any store, you can withdraw them at other branches without charging management fees.
If you deposit more than two thousand gold coins in cash, you will get a magic crystal card as a gift. If your deposit is lower than this amount, you will be responsible for the card application fees. ”
Hudson said without changing his expression.
It is impossible to charge interest, and he does not charge management fees because he has a conscience.
For newly born banks, operating costs remain high and it is not yet time to attract deposits with high interest rates.
Anyway, there are no competitors. If you have exchange needs, the Near East Devel