Japan Post Bank to offer housing loans

Japan Post Bank has been conditionally allowed by the government to launch three new businesses.

These include offering housing loans, fueling concerns about fair competition between the government-backed entity and private-sector rivals.

A government panel discussing the privatization of postal services has recently granted similar approval to Japan Post Insurance Co., another unit of Japan Post Holdings Co.

In addition to housing loans, Japan Post Bank hopes to start offering fire insurance policies and corporate loans.

The bank hopes to start the businesses as early as April. But the FSA has shown reluctance against the backdrop of protests from private competitors and concerns about the system with which Japan Post Bank will control its risk exposure.

The panel is expected to limit the area in which the lender can offer new products and impose strict rules for screening borrowers.

For more.

Also Read

China’s Big 5 banks expected to boost lending with capital support

Philippine bank loans up 12.2% in February

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit