Local News

Minami Nippon Bank Mulling Application for Public Funds

The Kagoshima City-based Minami Nippon Bank revealed it is considering applying to the national government for an injection of public funds. The bank will also convene an extraordinary stockholders’ meeting in mid-March to amend the articles of incorporation to allow the national government to receive preferred stock the bank would issue. The bank would use the funds to enhance shareholders’ capital and expand their lending capacity.

Published: Jan 30, 2009 / Last Updated: Jan 30, 2009

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