First off. This is some random bank called HVBank doing this, not US bank. The title is very confusing.
Also I'm not an expert in this but if I'm reading this correctly it sounds like the bank is setting up to GIVE more loans out to people. NOT to take a loan. They want to exceed their statutory limits for the amount of money they can loan out. Basically they are trying to be degen loan sharks like the CEFI lending platforms.
Which makes WAY more sense than what the title of this post is claiming. Why would a bank, who can create infinite money via crediting people's accounts for loans, want to take a loan? Obviously they want to sell more loans.
It sounds like their plan is to give a bunch of small loans to increase the number of "relationships" they have which will decrease their amount loaned to relationship ratio once they're able to claim these things as loan relationships. Then they can turn around and do the real thing they want which is probably creating new loans for 100s of millions of dollars to real estate conglomerates, etc.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments