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2 Chiba Banks Mulling Merger

2 Chiba Banks Mulling Merger

   Tokyo, July 1 (Jiji Press)--Chiba Bank and Chiba Kogyo Bank, both regional lenders based in Chiba Prefecture, east of Tokyo, are considering merging their operations, people familiar with the matter said Tuesday.
   Through the merger, Chiba Bank, the biggest regional bank in the prefecture, and Chiba Kogyo Bank, the third biggest, aim to grow enough to survive intensifying competition in the Japanese financial sector.

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AFP-JIJI PRESS NEWS JOURNAL


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