Kansai Mirai Financial Group Inc. units Kansai Urban Banking Corp. and Minato Bank Ltd. signed a business alliance agreement with the Philippines' Rizal Commercial Banking Corp., Kyodo News reported May 16, citing the Japanese financial group.

The partnership aims to help small- and medium-sized Japanese companies that are looking to venture into the Philippines.

Under the agreement, the three banks will promote business tie-ups between their clients while cooperating in offering Philippine market and investment information, as well as other support such as accounting and tax expertise.