November 10, 2019 / 11:30 PM / 9 days ago

Japan's SBI Holdings, Fukushima Bank to form capital tie-up -NHK

TOKYO, Nov 11 (Reuters) - Japanese internet banking giant SBI Holdings Inc and Fukushima Bank Ltd will form a capital and strategic tie-up through an investment of up to 20% by SBI in the regional lender, public broadcaster NHK reported on Monday.

The future of Japan’s regional lenders is a focus for investors after years of negative interest rates and a declining population have sapped profits and raised questions about their ability to survive.

SBI announced in September it would invest in Shimane Bank Ltd, a regional bank in western Japan. (Reporting by Chang-Ran Kim; editing by Richard Pullin)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below