Participation in a major regional bank group at a new company that supports the management of local companies 13:09 on June 22

SBI Holdings, a major online finance company, a government-affiliated financial institution, and a major bank jointly support a local company, and the major regional bank group, which owns the Yokohama Bank, will join the new company. By leveraging our sales network centered on the Tokyo metropolitan area, we will support the expansion of sales channels for local companies that are in a difficult situation due to the new coronavirus.

The new company aims to establish SBI Holdings, a government-affiliated financial institution Japan Development Bank, a major bank Shinsei Bank, and a regional bank Yamaguchi Financial Group to support the management of regional companies.

The Concordia Financial Group, which owns the Bank of Yokohama and the Bank of East Japan, will join the establishment of this new company.

From now on, we would like to solidify our investment ratio as soon as possible.

Concordia Financial Group has the highest total assets among the regional banking groups nationwide and has a wide sales network in Kanagawa and Tokyo.

While taking advantage of the sales network in the Tokyo metropolitan area, the new company will provide advice to local companies that are looking for a turnaround due to the effects of the new coronavirus, such as expanding sales channels, and will be able to make their own transactions.