The Financial Reconstruction Commission formally approved plans Monday to pump 260 billion yen in public funds into the depleted capital bases of four regional banks.
The four are Ashikaga Bank based in Tochigi Prefecture, the Bank of the Ryukyus in Okinawa Prefecture, Hokuriku Bank in Toyama Prefecture and Hiroshima-Sogo Bank in Hiroshima Prefecture.
Ashikaga sought 105 billion yen, Hokuriku 75 billion yen and the remaining two 40 billion yen each. Hiroshima-Sogo is a second-tier regional bank, while the other three are regional banks.