Rebirth of the Strongest Tycoon

Vol 3 Chapter 1311: 5 largest banks in Austria

Latest website: 1. Ask the Austrian government to assist Bright Fund in acquiring an Austrian bank.

2. The Austrian government must introduce a series of policies, including: ①Reduction and exemption of tax treatment for investors investing in the stock market...②Introduction of the government requiring government social security and welfare funds and insurance companies to enter the stock market...

3. In order to reform the stock market system for the proceeds from the Vienna Stock Exchange, Bright Fund needs to acquire a portion of the equity.

4. Promote the listing of 20 large Austrian companies within half a year.

There are only four major conditions, but these four conditions embarrassed Ulysses Myron.

"President Berkeley, you have too many conditions, and it is very difficult for us to operate." Lisis Mellen said with a wry smile.

George Berkeley shook his head with a faint smile, and said: "It seems very difficult, but it is actually possible for the Austrian government. The key depends on whether you are willing to do it."

"It has been 60 or 70 years since the end of the First World War, and Austria has not had a successful capital market. This already reflects the difficulty of building a capital market. If you can do it, there is no need to ask me for help."

"Now that we have done research, we have put forward the prerequisites. If the Austrian government cannot provide me with these, our company will not dare to take this risk."

"Mr. Myron, the choice is yours, I don't have to do it."

Ulysses Myron was silent, frowning tightly, and struggling violently in his heart.

In fact, he was not angry. George Berkeley’s statement is also valid. Now it is their Austrian government who is asking for help. George Berkeley has also taken pains to put forward conditions to prove his sincerity. Now the ball has been kicked back. Here, the right to choose is indeed in his hands.

It's just that this ball is too hot!

After thinking for a long time, Ulysses Myron gritted his teeth and made a decision in his mind.

He looked at George Berkeley with scorching eyes and said sincerely: "President Berkeley, I have felt your sincerity, and I am very willing to cooperate with you, and I have no opinion on your terms."

"But I think you also understand that this matter is beyond my scope of authority, and I need to report it to the above for discussion and research."

"So, for the four conditions you put forward, can you interpret it for me? I need these contents to convince my boss."

George Berkeley smiled and nodded: "Of course, this is what I should do."

"Then I start with the first condition."

With that said, he sat up straight and assumed a formal negotiation posture.

Ulysses Myron told the chairman of the Vienna Stock Exchange, Troy Walpole, "Troy, you are responsible for keeping records."

"Yes!"

The chairman of a stock exchange can only perform the duties of a secretary at this time, honestly holding a pen and a notebook to prepare records.

Seeing that they were ready, George Berkeley began to express his views.

"The first point is that I need the Austrian government to assist us in acquiring a bank. The starting point is very simple. Our company needs huge funds to activate the capital market and at the same time play a major role in the mid to late stage."

"Although our company is strong, the main funds will only be invested in the United Kingdom, West Germany, France, and the United States. The funds that can be invested in Austria will be relatively small. Under the premise of insufficient funds, bank funds will be needed. To enlarge it, otherwise it will not be able to form a scale effect."

"Secondly, only when we have acquired a bank and guided by our will, can we fully cooperate with the Austrian government, provide financial support for investors, and quickly expand the Austrian capital market."

"To have this effect, we must acquire a large Austrian bank."

After speaking, George Berkeley stopped first and waited for Troy Walpole to record.

After a while, Troy Walpole nodded slightly to Ulysses Myron, who threw out the question he had just thought: "President Berkeley, your reason is logical. For the acquired bank, you have Didn't filter out suitable objects?"

George Berkeley nodded and said, "Of course, I did a preliminary screening. There are five acquisition targets."

"They are the Austrian Central Cooperative Bank, the Austrian Credit Union Bank, the Austrian Transfer Credit Bank, the Austrian Central Savings Commercial Bank and the Austrian First Savings Bank."

These five banks are among the top five banks in Austria.

Among them, the Central Cooperative Bank of Austria is the largest private bank in Austria. It was established in 1927 and provides commercial and investment banking products and services to individuals, multinational companies and financial service providers. Essentially it is the nature of investment banking. The biggest head behind it is the Roshir family. The current chairman is Liszt Roshir, the head of the Austrian branch of the Roshir family.

The second Austrian Credit Union Bank, the third Austrian Credit Transfer Bank and the fourth Austrian Central Savings Commercial Bank are all banks held by the Austrian government, and their shareholding ratios are all over 50%.

The fifth largest Austrian First Savings Bank, which is also a privately held bank, was established in 1819 and is very old. However, due to business strategy problems, the number of customers is relatively small, only about 600,000, even the population of Austria. Less than one-tenth.

Ulysses Myron nodded and said, "Okay, I see, I will report to it."

After speaking, he took another look at Troy Walpole, and when he saw that the latter was already recording, he was relieved.

He thought about it and found that the first condition of George Berkeley seemed difficult, but in fact it also had a lot of room to operate. It seemed that it would not hurt to sell one of the three state-controlled banks.

I just don’t know if the above determination is as firm as the one said~www.ltnovel.com~ President of Berkeley, please continue. "

George Berkeley continued: "The second condition, in fact, cannot be said to be a condition. It can be seen as a supplement to the plan you made."

“The first of these is to provide investors with tax deductions and exemptions, which can be subdivided into late-term deductions and early-term credits. As long as investors invest corporate operating profits and personal acquisitions in the stock market, they will enjoy tax exemption treatment, so that investors will Take the initiative to think of ways to make money mobilize instead of depositing it in banks. Although the government has less tax revenue, the benefits of capital investment can definitely make up for it, and the positive impact will be greater."

"Article two, the Austrian government’s social security and welfare funds, as well as insurance companies, have huge cash flows. If they can be invested in the stock market, they will act as a ballast stone and give investors unparalleled confidence in the capital market. The cake will definitely expand rapidly, and investment will appreciate. In fact, the advantages far outweigh the disadvantages."

"For specific results, you can refer to the practices of the United States and the United Kingdom, and significant results have been achieved."

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