Details of negotiations for a merger between two credit unions in Adachi Ward and Katsushika Ward, Tokyo have been revealed. The merger is targeted for October 2025, and plans to review store functions in line with the times and reassign staff.
The two Shinkin Banks will proceed with the necessary procedures, including a formal agreement for the merger, and attention will be focused on whether they will be able to increase their significance as locally-based financial institutions. As the population declines and the aging population accelerates, the environment surrounding Shink in banks is becoming increasingly difficult.