Shinsei Bank, which became a subsidiary of a major Internet finance company, changed its name to "SBI Shinsei Bank" from the 4th.
The Group will work together to increase profitability and aim to repay public funds.
At the ceremony held in Tokyo on the 4th, President Katsuya Kawashima and Chairman and President Yoshitaka Kitao of SBI Holdings, which was acquired by SBI Holdings, cut the ribbon.
The company's predecessor was the bankruptcy of the former LTCB and the Long-Term Credit Bank of Japan, which was acquired by an American investment company in 2000 and became a subsidiary of SBI in December of the year before.
The company is facing the issue of finding a way to repay the 349 billion yen in public funds it has received from the government so far. aims to more than triple last year's net profit.
Mr. Kawashima, President of SBI Shinsei Bank, said, "As a core bank of the SBI Group, we would like to incorporate the venture spirit. We would like to work together to repay public funds."