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Nishi-Nippon City Bank names new holding company

hasdecided to name its holding company Nishi-Nippon Financial Holdings, The Nikkei reported May 10.

Thebank's new holding company will be set up in October. The lender is creatingthe company to conduct M&A more easily.

Nishi-NipponCity Bank announced its intention to create a holding company in October 2015.