"SBI Holdings" to enter into a capital tie-up with "Towa Bank" in Gunma Prefecture

"SBI Holdings" to capital tie-up with "Towa Bank" in Gunma Prefecture October 22, 18:18

SBI Holdings, a major online finance company, has decided to form a capital tie-up with Towa Bank in Gunma Prefecture.

SBI has set up the "Regional Bank Union Concept", and this capital tie-up is the fifth line.

According to the people concerned, SBI Holdings plans to form a capital tie-up with "Towa Bank", which has its head office in Maebashi City.

It means that we are making final adjustments in the direction of holding a few percent of each other's shares.

The Towa Bank, which was established in 1918, has 94 stores in Gunma Prefecture and other areas. As of the end of March, deposits were approximately 1.9800 trillion yen and loans were approximately 1.45 trillion yen.

In 2009, the government injected 35 billion yen of public funds, but the government has repaid 20 billion yen.

Towa Bank seems to have the aim of strengthening profitability by forming a capital tie-up with SBI, which has strengths in FinTech, which combines finance and IT.

SBI has set up a "Regional Bank Union Concept" to promote capital tie-ups with regional banks affected by population decline and negative interest rates, and this time, if the capital tie-up is made, five banks will follow Shimizu Bank in Shizuoka Prefecture in February. It will be an eye.