One by one, all of the nation’s city banks except for the Bank of Tokyo-Mitsubishi announced by Friday that they will ask for public money under the provisions of the newly adopted bank recapitalization law.

Instead of taking public funds, the Bank of Tokyo-Mitsubishi will seek to reinforce its capital base by about 400 billion yen through private financing, officials at the bank said.

According to the capital-buildup plans released by the other banks, the amount of money they will ask for from the government ranges between 300 billion yen and 700 billion yen per bank, totaling about 4.1 trillion yen at maximum.

The amount sought by the banks is far less than the 1 trillion yen the government is believed to have wanted each to apply for. The total of 4.1 trillion yen also falls short of the 5 trillion yen the government expected to provide.

According to unconsolidated midterm results, all of the nine banks posted pretax profits for the April-September period, ranging from Daiwa Bank’s 7.1 billion yen to Dai-Ichi Kangyo Bank’s 73.6 billion yen.

Four banks’ profits, however, shrank from the previous midterm reports, and seven banks will likely post pretax losses when they close their books for the current fiscal year at the end of March. Only Tokyo-Mitsubishi and DKB expect to register pretax profits at the end of the current fiscal year — 30 billion yen and 50 billion yen, respectively.

The other seven banks said they expect to go into the red in March because they are going to write off problem loans from their balance sheets.

All of the banks will attain capital-adequacy ratios over 10 percent after they absorb the public funds. Tokyo-Mitsubishi expects to exceed 10 percent as well through its own efforts, the bank said.

To beef up its capital base, Tokyo-Mitsubishi will seek 400 billion yen from third-party organizations by issuing new preferred shares worth 240 billion yen and selling off its Tokyo headquarters, the bank said.

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