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Regional Bank Group Jimoto Holdings to Tie Up with SBI

Regional Bank Group Jimoto Holdings to Tie Up with SBI

   Tokyo, Nov. 19 (Jiji Press)--Japanese regional banking group Jimoto Holdings Inc. <7161> is set to form a capital and business alliance with major online financial service firm SBI Holdings Inc. <8473>, informed sources said Thursday.
   Jimoto, the parent of Sendai Bank and Kirayaka Bank, will issue new shares to SBI under a third-party allotment scheme, the sources said. SBI will invest billions of yen in Jimoto to acquire an equity stake of a little less than 20 pct in the bank holding company.

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AFP-JIJI PRESS NEWS JOURNAL


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