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Of the nation’s 18 major banks, 15 will apply for public funds injections within the fiscal year under the provisions of the new bank recapitalization law, the banks announced Tuesday with their midterm earnings results.

The three holdouts are the Bank of Tokyo-Mitsubishi, Nippon Credit Bank and Nippon Trust Bank. The Bank of Tokyo-Mitsubishi, the nation’s largest, will attempt to reinforce its capital base by about 400 billion yen through asset sales and share issues.

Nippon Credit Bank said it is still considering whether to follow capital-injection procedures, but did not rule out the possibility it would apply. For the meantime, it said, it will pursue corporate restructuring instead.

Nippon Trust Bank said it will postpone its application for funds this time.

According to the capital-buildup plans of the 15 banks as of Tuesday, fund injection amounts range from 100 billion yen to 700 billion yen, bringing the total amount to roughly 5.7 trillion yen.

Of the 15 banks that will apply for public funds, Chuo Trust & Banking has yet to specify how much it will request. The bank said it is willing to apply after further conditions are examined, officials of the bank said.

According to the 18 bank’s unconsolidated midterm results, pretax profits for eight banks shrank from the previous term, ranging from Daiwa Bank’s 6 percent drop to Sumitomo Trust’s 64.4 percent plunge.

In addition, 13 banks project pretax losses for this fiscal year, which ends in March. Sakura Bank and Nippon Credit Bank will be hit the hardest, with both banks likely to post 620 billion yen in pretax losses, the results show.

In contrast, five banks — Tokyo-Mitsubishi, Dai-Ichi Kangyo, Sumitomo Trust, Mitsubishi Trust and Nippon Trust — plan to register between 1 billion yen and 50 billion yen in pretax profits at the end of the current fiscal year, according to the results.

Most of the 13 banks said they expect to go into the red in March because they will make active efforts to resolve their nonperforming loans, officials of the banks said.

After capital injections, most of the 15 banks will be able to achieve capital-adequacy ratios of 10 percent, including Tokyo-Mitsubishi and Nippon Trust, the banks said.

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