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7150 - Shimane Bank News Story

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Sector
Financials
Size
Micro Cap
Market Cap £31.8m
Enterprise Value £-3.85m
Revenue £60.7m
Position in Universe 3082nd / 3863

Japan's SBI Holdings to invest in regional lender Shimane Bank -Nikkei

Fri 6th September, 2019 7:00am
TOKYO, Sept 6 (Reuters) - Japan's SBI Holdings  8473.T 
plans to invest at least 2 billion yen ($18.7 million) in
regional lender Shimane Bank  7150.T , the Nikkei business daily
reported on Friday, in a tie-up that could eventually see it
take 30%.
    The two companies plan to announce the tie-up on Friday, the
Nikkei said. 
    The future of Japan's troubled 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.
($1 = 106.9900 yen)

 (Reporting by Kaori Kaneko; Editing by David Dolan)
 ((kaori.kaneko@thomsonreuters.com; +81-3-6441-1983; Reuters
Messaging: kaori.kaneko.thomsonreuters.com@reuters.net))
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