The heads of both the regional banking group FIDEA Holdings, which has its head office in Sendai, and the Tohoku Bank, which has its head office in Morioka, have reached a press conference and have reached a basic agreement to proceed with discussions for business integration. He emphasized the significance of the integration, saying, "The business environment is changing drastically, and more responsiveness is required than ever before."
Yuichi Tao, president of FIDEA Holdings, which owns Shonai Bank and Hokuto Bank, and Naoto Murakami, president of Tohoku Bank, held a press conference together in Sendai City on the afternoon of the 2nd.
Among them, President Tao of Fidea commented on this basic agreement that he would proceed with discussions with Tohoku Bank aiming for business integration, saying, "In addition to population decline, long-term low interest rates, the impact of the new coronavirus, etc. The environment is undergoing major changes, and we need to be more responsive than ever before, "he emphasized its significance.
On the other hand, Tohoku Bank's president Murakami said, "In order to increase profits, it is necessary to accelerate efficiency and expand networks that are not bound by prefectural borders to connect to new business models. Management strength is stable. I thought it was the best choice to join us. "
Regarding regional financial institutions such as regional banks, the Financial Services Agency has decided to establish a new system to support the reorganization later this month, and Fidea and Tohoku Bank want to consider using the system.