Supporting the reorganization of regional financial institutions Government to support costs such as business integration November 13 0:11
The government has decided to establish a new system to support a part of the cost of business integration, etc., in order to support the reorganization of financial institutions in regions where severe management continues.
The business environment for regional financial institutions such as regional banks and credit unions is becoming more difficult as the new coronavirus catches up with the decline in margins due to prolonged ultra-low interest rates.
For this reason, the government has decided to establish a new system to support the reorganization of regional financial institutions.
The target is financial institutions whose main business base is in areas where the population is declining, and the government will support part of the costs required when radically strengthening management through management integration.
The management integration of regional banks will cost billions to 10 billion yen to develop a system for managing deposits, loans, information on business partners, etc., so the aim is to promote reorganization by reducing the burden. there is.
The amount of support is expected to be about 2 to 3 billion yen per case.
The financial resources are to utilize the retained earnings of the "Deposit Insurance Corporation of Japan" funded by the government, the Bank of Japan, and financial institutions, and want to submit the necessary bill to the ordinary Diet session next year.
On the 10th, the Bank of Japan also launched a system to support the business integration of regional banks and credit unions, and the government and the Bank of Japan will take steps to support the reorganization of regional financial institutions in terms of funding.