Japan's SBI Holdings to invest in regional lender Shimane Bank -Nikkei
06/09/2019 07:00
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))