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Bank of Yokohama plans to repay half of the 200 billion yen in public funds it received in March 1999, banking industry sources said Thursday.

The move by nation’s largest regional lender involves a 100 billion yen subordinated loan, of which 50 billion yen is repayable under an agreement with the government before the interest rate for the loan is raised April 1.

Bank of Yokohama also plans to repay the remaining 50 billion yen in mid-May, around the time when the bank is expected to report a record annual profit for the business year to March 31.

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