Fukuoka City-based Nishinippon City Bank announced its consolidated subsidiary Nagasaki Bank would spin off its securities investment business and transfer it to the parent company. The Nagasaki Bank investment portfolio is worth about 49 billion yen. The objective is for the Nagasaki Bank to avoid the risk of investment losses in a volatile economic environment.
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- Nagasaki Bank to Transfer Security Business to Nishinippon City Bank
Nagasaki Bank to Transfer Security Business to Nishinippon City Bank
- Published: Oct 1, 2009 / Last Updated: Oct 1, 2009
