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Joyo Bank/Ashikaga Bank holding company starts operations

Mebuki Financial Group Inc. started operations as the whollyowning parent of Joyo BankLtd. and AshikagaBank Ltd.

The move came after Joyo Bank and Ashikaga Bank their businessoperations. The company has ¥117.4 billion in capital, according to an Oct. 1release.

As of Sept. 30, US$1was equivalent to ¥101.24.