SBI Sumishin Net Bank, a major online bank, announced on the 7th that it has applied again to the Tokyo Stock Exchange for the procedures for listing its shares, which had been postponed due to the deterioration of the market environment due to Russia's invasion of Ukraine.
SBI Sumishin Net Bank was established in 2007 with a 50% investment by Sumitomo Mitsui Trust Bank and SBI Holdings.
The bank had postponed the listing procedure on the Tokyo Stock Exchange due to the deterioration of the market environment due to the effects of Russia's military invasion of Ukraine in March this year, but the market environment has improved. On the 7th, he applied for the listing procedure to the Tokyo Stock Exchange again.
In the future, the Tokyo Stock Exchange will be reviewed, and the specific timing of listing and market division are undecided.
As a bank, we would like to invest the funds obtained from the listing into a business that provides services for different industries to enter the banking business, and strengthen the business as a new pillar of revenue following housing loans.