As a result of the takeover bid for TOB = shares, Yoshitaka Kitao, president of SBI Holdings, a major online finance company that has acquired Shinsei Bank, held a press conference on the 22nd to repay the remaining 349 billion yen of public funds of Shinsei Bank. He expressed his intention to discuss with the government.
As a result of the takeover bid conducted until the 10th of this month, SBI increased the shareholding ratio of Shinsei Bank to nearly 48%, which was the upper limit, and made Shinsei Bank a subsidiary.
In response to this, SBI President Kitao held a press conference on the morning of the 22nd, saying, "We have achieved satisfactory results. We will continue to work on various initiatives in collaboration with Shinsei Bank," to deepen cooperation and reduce costs. He expressed his intention to lead to the expansion of profits.
In addition, there is also a way to make it easier to repay the 349 billion yen of public funds remaining in Shinsei Bank, including the portion invested in the former Long-Term Credit Bank of Japan, by delisting Shinsei Bank. After pointing out, he said, "I would like to discuss the best solution with the Financial Services Agency, the Deposit Insurance Corporation of Japan, and the Resolution and Collection Corporation," and expressed his intention to discuss with the government for repayment.
Shinsei Bank will hold an extraordinary general meeting of shareholders in February next year to appoint former FSA Commissioner Hirofumi Gomi and others as new directors, and President Kudo and other current management teams are scheduled to retire.