SBI Sumishin Net Bank, a major online bank, will list its shares on the Tokyo Stock Exchange's "Standard Market" on March 29.
SBI Sumishin Net Bank was established in 2007 with a 50% investment by Sumitomo Mitsui Trust Bank and SBI Holdings.
Due to the deterioration of the market environment due to the invasion of Ukraine, the procedure for listing on the Tokyo Stock Exchange was temporarily postponed in March last year, but the procedure was resumed in October last year.
In response to this, the Tokyo Stock Exchange approved the listing on March 29 in the "Standard Market" of the three market divisions on the 28th.
As a bank, we would like to use the funds obtained from the listing to provide services for other industries to enter the banking business, and strengthen the business as a new pillar of revenue following housing loans.