Yoshitaka Kitao, president of SBI Holdings, a major online finance company, revealed that he is considering changing the company name of "Shinsei Bank," which he acquired last year.
Last December, SBI increased its shareholding ratio of Shinsei Bank to nearly 48% through a takeover bid for TOB = shares, and made it a subsidiary.
Regarding the Shinsei Bank, SBI President Kitao said at a press conference on the 28th, "The name represents the body, but the company name is also used to share the universal values of business construction that we have cultivated and to change consciousness. It needs to be changed, "he said, and said he was considering changing the company name.
At the general meeting of shareholders of Shinsei Bank in June, we are also considering discussing a proposal to change the company name.
In addition, regarding the repayment of the public funds of 349 billion yen remaining in Shinsei Bank, including the portion invested in the former Long-Term Credit Bank of Japan, the former Long-Term Credit Bank of Japan, "the group will work together to pursue synergies = synergistic effects. We will pave the way by embodying a highly profitable structure, "he said, and will promote new initiatives such as reducing ATM fees, strengthening overseas business, and selling digitized financial products.
On the other hand, SBI has a subsidiary commercial bank in Russia, but said that it would continue its business in the future, saying that it is small and the impact of economic sanctions is small.