Regional Banks in Northern Japan to Consider Three-Way Merger
10 Articles
10 Articles
(Tokyo=Yonhap News) Correspondent Lee Do-yeon = As it becomes difficult for banks to attract deposits and loans due to population decline, three banks in Japan's Tohoku (northeastern) region are merging their operations...
[Yomiuri Shimbun] It was learned on the 1st that Aomori Michinoku Bank (Aomori Prefecture), Iwate Bank (Iwate Prefecture), and Akita Bank (Akita Prefecture) will begin discussions toward a business merger. If realized, the combined total assets of the three banks will exceed 13 trillion yen, making them one of the largest banks in Tohoku, surpassing Shichijushichi Bank (Miyagi Prefecture).
It has been learned that three regional banks in northern Tohoku—Iwate Bank (Iwate Prefecture), Akita Bank (Akita Prefecture), and Aomori Michinoku Bank (Aomori Prefecture)—are considering a merger. If realized, this would create the largest banking group in Tohoku. According to Iwate Bank, the three banks—Iwate Bank, Akita Bank, and Aomori Michinoku Bank—are considering proceeding with discussions toward a merger. The three banks are the larges…
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