Yamanashi Chuo Bank and Shizuoka Bank Business Alliance "I'm not thinking about business integration" October 28, 19:11
Yamanashi Chuo Bank, which has its head office in Kofu City, announced that it has entered into a business alliance with Shizuoka Bank, which has its head office in Shizuoka City, in a wide range of fields.
In the future, we have also announced a policy of capital tie-up, and we would like to promote management efficiency amid the continuing severe business environment due to the effects of prolonged low interest rates and the new coronavirus.
This was revealed by Yamanashi Chuo Bank's President Sekimitsu and Shizuoka Bank's President Hisato Shibata at a press conference in Tokyo on the 28th.
In the business alliance, in addition to cooperating with each other in matching and expanding sales bases, it is assumed that the system will be shared and each other's stores will be used as sales bases, and the effect of the alliance will be an increase in profits. The total cost reduction is expected to be 10 billion yen in five years.
In the future, it has announced that it will acquire shares and form a capital tie-up with each other.
At the moment, the number of shares to be acquired is undecided, but since it is not a large-scale acquisition that will affect shareholders, profitability will be improved and management efficiency will be improved in a difficult business environment. I would like to proceed with the conversion.
Business integration is "not at all considered at this time"
Regarding future business integration, Yamanashi Chuo Bank's president said, "I'm not thinking at all at this point. I don't know how the future environment will change, so it may be possible to integrate at that time, but that's a long way off. That's the recognition. "