Dec 8, 2014

Lending data bucks recession with help from yen

Bank lending unexpectedly rose at its fastest pace since 2009, a positive sign in an economy that Prime Minister Shinzo Abe is trying to steer out of the deeper than expected recession. Loans, excluding lending by local “shinkin” credit banks that serve consumers and ...

Oct 17, 2014

Abe's jobs push beyond Tokyo spurs regional lending

Lending in September by regional banks grew at triple the pace of the nation’s megabanks as Prime Minister Shinzo Abe acted to rejuvenate areas outside of Tokyo. Loans by the smaller lenders increased 3.6 percent from a year earlier to ¥215 trillion, while those ...

Oct 9, 2014

Three banks to extend uncollateralized loans to recovering Tepco

Three banks have decided to extend uncollateralized loans to Tokyo Electric Power Co. after judging that the beleaguered utility is recovering with government support, according to sources close to the matter. Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ, and Mitsubishi UFJ Trust and ...

Sep 11, 2014

Banking group wants access to NPA's yakuza database

The Japanese Bankers Association wants to take action against yakuza by enabling banks to access the National Police Agency’s database via the Deposit Insurance Corp. of Japan, informed sources said. For banks, having access to the database would improve their client background checks, since ...

Aug 18, 2014

SMBC to become top stakeholder in biggest Cambodian bank

Sumitomo Mitsui Banking Corp. plans to acquire a stake of 12.25 percent in Acleda Bank, the largest commercial bank in Cambodia, for over ¥10 billion to become its top shareholder, sources said Monday. Pending approval by regulatory authorities in the Southeast Asian country, the ...

Newly confident Resona bullish on corporate loans

May 22, 2014

Newly confident Resona bullish on corporate loans

Resona Holdings Inc. is targeting a fivefold increase in corporate loans this year, signaling Japan’s fifth-biggest bank is confident that the economic recovery is strong enough to spur business spending. Resona plans to increase loans to companies by ¥300 billion in the year ending ...

Apr 3, 2014

Cash-rich firms spurn banks' offers

by Keiko Ujikane

Banks are the most keen to lend companies money in 17 years. Corporate treasurers don’t need the cash. The Bank of Japan’s “tankan” business confidence index released Tuesday showed that the prevalence of midsize companies saying banks are willing to lend to them rose ...

Feb 6, 2014

Nation's big banks beef up overseas presence with boosted lending

Japan’s big banks are increasing their presence abroad, mainly in Asia, by expanding overseas lending to meet brisk demand for funds. Profit margins from lending operations at home have narrowed due to prolonged ultralow interest rates, while relatively high earnings can be expected on ...

Nov 8, 2013

Mizuho shareholders file complaint over yakuza loans

Two shareholders of Mizuho Financial Group Inc. have filed a criminal complaint with investigative authorities against Mizuho Bank, claiming it intentionally made a false report to the Financial Services Agency in connection with loans to yakuza, their lawyers said. The two male shareholders in ...

Nov 5, 2013

FSA probes to learn if banks cut yakuza ties

The Financial Services Agency started its investigation Tuesday into the country’s three major banking groups, including scandal-hit Mizuho Financial Group Inc., focusing on measures to prevent ties to the underworld. The FSA will also examine if Mizuho deliberately submitted an incorrect report to the ...