Jimoto Holdings to Delay Public Money Repayment by 13 Years
Sendai, Miyagi Pref., Aug. 30 (Jiji Press)--Japanese regional banking group Jimoto Holdings Inc. is in the final phase of talks with the Financial Services Agency on pushing back by 13 years the Sept. 30 deadline for a subsidiary's repayment of 20 billion yen in public funds, it was learned Friday.
Jimoto Holdings will make a formal decision on the deadline extension at a board meeting the same day, informed sources said. An FSA panel of experts is expected to screen the group's new repayment plan shortly.
(2024/08/30-12:28)
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