SBI Shinsei Bank Agrees to Repay Public Funds
Tokyo, March 7 (Jiji Press)--SBI Shinsei Bank said Friday it has reached an agreement with the Japanese government on measures to repay some 330 billion yen in remaining public funds.
The bank will convert all of the common shares held by the government into preferred stock and pay a preferred dividend every year. The dividend will increase in accordance with the bank's financial performance and the amount of its own capital.
(2025/03/07-20:51)
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