trending Market Intelligence /marketintelligence/en/news-insights/trending/bk3jh2yswbfdjgecimic1g2 content esgSubNav
In This List

Aozora Bank to absorb unit's trust business


Commercial Banking: June 22nd Edition


Commercial Banking Newsletter June Edition - 2022


Street Talk | Episode 96: Considering recession risks, prospects that the Fed achieves a 'soft landing'

Case Study

Actions to Reduce Emissions at an Asian Financial Services Firm

Aozora Bank to absorb unit's trust business

Aozora Bank Ltd. finalized an agreement to absorb the trust business of unit Aozora Trust Bank Ltd.

The transfer of the business to the parent will take place through a company split, with Aozora Trust Bank as the divesting company and Aozora Bank as the successor company. It is expected to take effect Oct. 1.

Aozora Bank plans to remit ¥51 million to Aozora Trust Bank as consideration for the transfer.

The company does not expect the transfer to have any material effect on consolidated earnings.

As of May 11, US$1 was equivalent to ¥109.40.