Financial Insights That Matter
TOKYO — Japanese regional lender Chiba Bank is finalizing plans to acquire a nearly 20% stake in peer Chiba Kogyo Bank for an estimated 20 billion yen ($133 million), Nikkei has learned, looking to bolster its foundation as interest rates rise.
Chiba Bank, the largest regional bank in Chiba prefecture, just east of Tokyo, will purchase the shares from Ariake Capital, an investment company that targets regional lenders and other entities.