, Japan
Photo by Jezael Melgoza via Unsplash.

SBI Holdings now own 53.74% stake in SBI Shinsei Bank: report

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

Japanese online financial conglomerate SBI Holdings now owns 53.74% of SBI Shinsei Bank after a tender offer raised its stake by 3.7 points, reports Reuters.

The completion of the tender offer will help Shinsei return about $2.43b (JPY349b) in public funds as it prepares to delist.

ALSO READ: Japanese regulator sounds out megabanks on China geopolitical risks

The Japanese government had bailed out Shinsei two decades ago, and still owns a 22.98% stake.

Read more from Reuters:

Join Asian Banking & Finance community
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!

Top News

Entrepreneurship remains a pipedream for many Filipinos
Enterprisers struggle with cumbersome loan requirements and high collateral.
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
Westpac appoints Kate Dee as chief people officer
She has been the chief people officer of Bupa Asia Pacific since 2018.
Retail Banking
SMBC inks MOU to explore commercialization of stablecoins
They will explore technical, regulatory, and market infrastructure requirements for it.

Exclusives

Entrepreneurship remains a pipedream for many Filipinos
Enterprisers struggle with cumbersome loan requirements and high collateral.
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
RCBC boosts rural presence with ATM Go
The service, which allows cardless transfers, is now available in all Philippine cities.
BCA superapp drives digital transaction growth
Inter-account transfers were the most widely used service, followed by virtual payments.