Mizuho Corporate Bank, a core bank under Mizuho Financial Group Inc., said Thursday it will raise its long-term prime lending rate 0.20 percentage point to 2.45 percent per annum Friday to reflect the ongoing rise in other long-term interest rates.
The most recent change of the rate, which is charged on loans of one year or longer to the lender's most creditworthy corporate borrowers, came on April 10 when it was lifted 0.05 point to 2.25 percent.
For related stories:
Mizuho Corporate to lift prime rate
Mizuho interest rates at record low
Mizuho Corporate to cut prime rate