Japan

Funds raised will be used to finance green projects, the group announced.

City banks’ interest rates for short-term and long-term loans decreased.

Net profit for 2023 was Y52.2t, versus the Y29.7t the previous year.

Proceeds from the sale of premium carbon credits are distributed as substantial discounts on KOKO Fuel.

Net income per share of common stock is JPY96.75 for the quarter.

It comes after the Japanese megabank launches its new medium-term business plan.

Jenius Bank plans to expand its services through savings products and a mobile app.

The Japan-headquartered company said it aims to expand its workforce by 30% by 2026.

Shinsei is preparing to delist and return $2.43b in public funds.

Its three megabanks have a total credit exposure of $64b to China.

JCB card holders can now be used through the Bahrain-based service provider.

Since its launch, the advisory unit supported about 4,000 companies investing in the region.

It also shared the initiatives which took place last year.

Growing consumer preference for electronic payments will push a 7.5% growth in value.

The collaboration seeks to build a digital platform for investment institutions.

The bank will help develop the financial functions of the planned Japan Metaverse Economic Zone