Japan's SBI Holdings, Fukushima Bank to form capital tie-up -NHK
10/11/2019 23:28
TOKYO, Nov 11 (Reuters) - Japanese internet banking giant
SBI Holdings Inc 8473.T and Fukushima Bank Ltd 8562.T 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 7150.T , a regional bank in western Japan.
(Reporting by Chang-Ran Kim; editing by Richard Pullin)
((ran.kim@thomsonreuters.com; +81-3-4563-2740))