Speaking of this, Jie Shengyuan sighed and said, "According to the formal pledge procedures, it is almost enough to borrow about 800 million yuan from 1 billion bank acceptance bills. Teng Botao was really bewitched by the Yuqian Group's signature to the point of being so vicious that he was so confused. He directly used the bill of exchange to pay 1 billion yuan and transferred it to Yulu account for use!"

Bai Yu also sighed: "Needless to say, the 'Yulu Commercial Center' project has obtained the project funds from the provincial capital. How much is the total amount?"

"The assessed value is 1.8 billion!"

"Including the 200 million yuan of land transfer, Tian Guimin swept away a total of 2 billion yuan from Teng Botao!"

"Where is the 1 billion bill of exchange pledged?"

Xie Shengyuan said hatefully: "There is the macaque here. Huanancheng Commercial Bank is already insolvent. It was in the first half of last year when it colluded with large groups and large companies to issue billions of short bills of exchange until the liquidation group entered in August last year. The province decided to determine that all bills issued illegally during that period were invalid! Moreover, Tian Guimin allegedly absconded with the money, and Yuqian Group pushed all the responsibility on him and refused to continue contacting Shanglin about the engineering project."

"I can't get a penny back..."

Bai Yu suddenly realized where Miao Wenjun was in a hurry. On the one hand, the trust investment company was made a fortune by Tian Guimin for 2 billion yuan; on the other hand, the construction site of the "Yulu Commercial Center" is in a critical stage of construction and must maintain a state of burning money. If the work is suspended, the loss will be greater, which will be the biggest scandal in Shanglin's history.

"The county regards resolving and preventing the explosion as its number one job. Ji Shuji brought people to the province to appeal for relocation, hoping that Yuqian Group and Huanancheng Commercial Bank will make up for the losses; Miao*** is responsible for the acquisition of financial services companies; Ma*** implements the construction of commercial centers," Jie Shengyuan shook his head, "No job is easy to do. Taking Ma*** as an example, the property rights of the commercial center have been mortgaged to the provincial capital bank. Which bank in Shanglin dares to lend? It is purely throwing money into the water."

“The difficulty of acquisition…”

Bai Yu stopped after only half a question, and in a heavy mood, he opened the internal account of the trust investment company that was "top secret".

The difficulty of acquisition is obviously obvious: Tian Guimin cheated out 2 billion yuan, of which the trust investment company snatched out 1 billion yuan as a bill of exchange, can barely be considered a "construction project under construction", and will have endless lawsuits with the provincial capital bank in the future; the other 1 billion can only be carried down by themselves, resulting in a net loss of 912 million yuan.

The stability of financial order is based on safeguarding the vital interests of the people. No matter how difficult it is, it is necessary to ensure the rigid redemption of 465 million residents' savings deposits, and there is no room for bargaining.

This means that if the Shanglin Rural Credit Union agrees to acquire it, the prerequisite is to fill the 465 million hole!

However, if a credit union takes out the money, it is not called a credit union, but a rural commercial bank.

As early as twenty or thirty years ago, all qualified credit unions - rural credit unions and urban credit unions - flipped into commercial banks to lay the foundation for future restructuring, development and listing. However, flips are conditional. The China Banking and Insurance Regulatory Commission has clear and strict regulations on core assets, debt ratio, bad debt reserves and other indicators, and has no negotiation.

After so many years, Shanglin Rural Credit Union has not yet met the conditions for flip-flops. It is possible to imagine how bad the operating conditions and the difference in asset quality are.

The debt of 465 million may collapse with the credit union, and then it will be over!

So at this time, the 2.6 million highway fundraising funds in the Yuanyuan Township are no longer a problem for Bai Yu. Since entering the Financial Bureau's office, the problems he faced are all in units of "billions".

While chewing on the accounting statement, the door was pushed open with a "bang". Someone hurriedly said, "Director Bai is here? Please go to the 406 conference room together, and Ma*** presided over the financial joint meeting!"

"Ah, why didn't I receive the notice in advance?" Jie Shengyuan asked while holding the notebook and teacup.

The man outside had already run five or six meters away and said from a distance: "A temporary decision..."

"Look, it's often like this, I can't sit down at all." Jie Shengyuan spread his hands and said helplessly.

As he said, the purpose of Ma Baiju suddenly convened the presidents of Shanglin banks to hold a meeting to force the levy and transfusion of blood to the "Yulu Commercial Center" that was built on a large scale.

Except for Director Gu of the Credit Union, who hid in the corner and did not dare to say anything, ICBC, Agricultural Bank of China, Bank of China, CCB and other state-owned banks were not afraid, and they were confident in competing with Ma Baiju:

As the legal representative of the investor, he has fled with guilt, which means that Yulu Company has lost its ability to repay. How can he apply for a loan from the bank?

There is no land, no property, and the ground buildings are mortgaged to the provincial capital bank. Why should we lend money?

If there is no mortgage and no guarantee, who will be responsible for the loan that cannot be recovered in the future?

Ma Baiju avoids these specific and realistic problems and repeatedly emphasizes that banks should work together with Shanglin, pointing out that only by completing the construction of the "Yulu Commercial Center" on schedule and putting it into use, the project can be repaid and the early economic losses can be maintained and stable.

What the two sides said was not on the same track at all. They had no consensus reached for nearly two hours. Ma Baiju had to attend other meetings. So they said with a calm face that the presidents were asked to go back to the city and provincial banks to convey the opinions of Shang Lin Zhengfu, hoping to put the overall situation first and not just focus on making a small plan for themselves, and then concentrate on discussions in a few days!

When he went out, Bai Yu came up to say hello respectfully. Ma Baiju forced a little laugh and said that the bureau had already been in place. He happened to talk to Lao Gu, but his mind was not yet understood.

After saying that, the wind blew up next door to attend another meeting.

Looking back, Director Gu of Credit Union stood behind him with a wry smile on his face, lowered his eyebrows and said with a pleasing look: "Director Bai, Jie, I'm here to surrender."

Shanglin Credit Union has a business department under its jurisdiction, 16 credit unions, with a total deposit of 2.1 billion, that is, an average of more than 100 million yuan per township; the total loan amount is 1.4 billion, of which nearly 400 million yuan of non-performing loans are included in the stagnation, which means that it will never be recovered.

Nearly 30% of the bad debt rate is no wonder that it has not been able to flip the cards for decades; and how easy is it to digest huge bad assets in a poor county like Shanglin to rely on only 1 billion yuan of interest-generating assets?

However, compared with state-owned banks such as ICBC, the reason why credit cooperatives cannot be tough is the particularity of the credit cooperative system: its predecessor belongs to local finance of collective nature. After the restructuring, the county finance invested in shares and controlled the personnel appointment and removal power, and only accepted guidance from the provincial credit cooperative in terms of business.

However, the county is also very cautious when appointing and removing the director of the joint cooperative. They must communicate with the Provincial Banking and Insurance Regulatory Bureau and the Provincial Credit Cooperative in advance, rather than appointing and removing the leaders of the county-level units and departments and announce it unanimously.

If he is dismissed for protecting the interests of the credit cooperative and rejecting unreasonable instructions from the county leaders, the relevant provincial departments will also support Director Gu. Therefore, such as Miao Wenjun and Ma Baiju have to adopt a negotiation attitude.

Director Gu said with his finger: "The account is easy to calculate. The 1 billion loan interest cannot be paid for 2.1 billion deposit interest. Every year, the interest-free loans and special deposit income allocated by the province can maintain a small profit on the books. If you acquire a financial service company, the key is that it is an empty shell and can't even bring a penny. In addition to the rigid redemption of debts of 465 million, there are also a lot of bad assets. What is our ability to digest it?"

"It's been twenty or thirty years, and the Credit Union has been so overwhelmed?" Bai Yu said without comment.

Hearing the dissatisfaction in his words, Jie Shengyuan said: "The former director has been in prison. Lao Gu took over halfway through six years ago. He did a lot of hard work based on his conscience. He gritted the bullet and compressed the outlets, cut off staff, and collected bad debts. The bad debt rate has been reduced by 4 percentage points, and the employee salary has also increased, and he is developing on a benign track..."

Director Gu said: "If I don't care about the development prospects of the credit cooperative and the life or death of the employees, and I can only help the leaders to please the leaders, I can promise to acquire the financial service cooperative, and the burden will be heavy for hundreds of cadres and employees! If I don't die, I can't hold on and let the brothers' cooperative come and buy it. At the worst, is it? Anyway, the bank will not go bankrupt! But then, the brand of Shanglin Rural Credit Cooperative will hit me, and I can't even die with my eyes, two leaders!"

Seeing him talking more and more excited, he learned Shengyuandao:

"Bai and I understand your feelings for credit unions, and will cherish the hard-won transformation situation of credit unions. Whether to acquire or not, we will not easily draw conclusions, discuss, study and strive to find a win-win strategy. What does Bai Ju think?"

Bai Yu opened the calendar and looked at it, saying, "Let's do this, please inform Director Gu now to send the joint agency fee account and summons for November last year. When the things are delivered, I will send a receipt to Director Gu to bring it back."

He was kind to say that it was actually equivalent to detaining Director Gu here to prevent collusion with the financial department from committing fraud.

Director Gu was also surprised, looked at Bai Yu deeply, and said, "Director Bai is very expert, admire him!"

It is important to know that banks and insurance units deal with messy fees usually do not put them in December, which is most likely to be randomly checked. However, the profit and loss account has not been broken before 10 months, so the best time period is November.

Bai Yu smiled silly and said, "Pick up the plane and see, it's nothing."

It was almost noon, and several financial personnel from the credit cooperatives came in with three bags: as a joint venture with the head office of the county's outlets, there were 15-20 subpoenas in a day, and 30 copies by the end of the month, hundreds of subpoenas were thick and heavy.

When counting the number of books, Bai Yu pondered for a moment and said, "Please notify everyone to work overtime at noon and report the statistical results before getting off work in the afternoon as required."

"What are you counting?" Xie Shengyuan and Director Gu asked at the same time.

"It is divided into four groups, and the office funds of more than 20,000 yuan, entertainment expenses and publicity expenses of more than 10,000 yuan, interest income and expenditures between financial institutions, and temporary payment amounts."

Director Gu was even more surprised and tentatively said: "Director Bai... is very familiar with the audit business?"

Bai Yu said lightly: "I have interned in the five major institutes."

"No wonder!" Director Gu said, "You know if an expert is there at the first move. You really meet an expert!"

Jie Shengyuan tsk his mouth and said nothing.

As an old bank, he naturally knows the tricks inside the financial system. Sometimes seeing through and not saying it is a virtue. After all, when anyone has not begged the bank for a year, he sometimes deals with some fees, sometimes helps his relatives and friends to borrow loans, etc. Unexpectedly, the young director who is just starting out is also depressed. It's okay to understand, but when he checks the accounts without hesitation when he sees Director Gu, it's really...
Chapter completed!