Bianjie

[journey]

How do the Big Three banks operate today, and what's the future for them?
As Bianjie's economy rapidly expands, it is crucial to analyse the banking industry, understanding its functions and exploring how it can facilitate growth
12 September 5665



For the last couple of decades, the Bianjian economy saw rapid growth as the nation exited its decades-long isolationist policy and approach, opening the whole country and its market to the world's largest investors and financial structures. And with the liberalisation of the economy, the nation's banking industry began to grow similarly, if not more expeditiously, which in turn resulted in the creation of the Big Three, consisting of the Hikona, Cisubank and Aisin banking groups. Bekkei sat down with the heads of the three largest banks in Bianjie to discuss the current state of the banking system in the country, and the vision of the Big Three for the future, both inside and outside of the nation.

Bane Lengsavad, ethnic Suman and the chairman of the Aisin, said that even though the bank he leads did grow significantly in the past couple of decades, it remains mostly stalling in place now, but he added that the bank keeps serving its clients with "simple yet stable operations". According to Lengsavad, Aisin does plan to move on and expand its services beyond the homeland, but it requires significant resources and support, which the government is ready to give to Aisin and other major financial institutions, the spokesman of the Ministry of Finance, Alin Durre, told Bekkei when we asked him about the possibility of support from Kōtei.

President of the Cisubank Group, Jakdan Kuicelik, agreed with Lengsavad, but emphasised that his banks have it better than his counterparts at Aisin, with billions invested in the country's infrastructure and businesses, with many of those earning enough to profit. But, Kuicelik says, similarly to Aisin, Cisubank is looking to expand abroad, and is currently focusing on structural reform by optimising business and financing structures, and actively participating in the high-level opening up of the financial sector by offering better services to help domestic firms go global and overseas companies enter the Bianjian market.

Meanwhile, Liang Yanja, who's leading one of the oldest banks in the country, says Hikona is actively working on constantly improving a comprehensive, proactive and intelligent modern risk management system, and continues to do a good job in countercyclical management of financial risks under the new situation, as well further improving its toolbox to support local governments' efforts in resolving existing debts and strictly controlling debt increments, Yanja said. While Hikona is also considering the expansion of its operations outside of Bianjie, Yanja says that the group is still remaining loyal to the domestic customers, and is actively optimising its credit structure for the real estate market and providing financial support for home rentals, renovation of shanty towns in cities, and affordable housing projects, as a part of its social strategy, in cooperation with the central and provincial governments.

It is worth mentioning that while the Big Three seem to do good, there is still a big amount of opposition to Aisin, Cisubank, and Hikona facing from the SMEs, who consider the three largest banks in Bianjie to hold a monopoly, and deprive smaller institutions of any growth, supported by the government's efforts. But both the State Council and the Big Three dismiss those attacks, claiming that the prosperity of the ACH is in Bianjie's national interests, and according to Bekkei's sources, operatives of Cisubank are looking for Dovanian countries with markets open enough to enter.



べふ経済新聞 (Bianjie Economics Newspaper), also known as the Bekkei, is the second-largest economic newspaper in Bianjie, founded in 5561 and based in Niyalma.