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Report: Shinkin Central Bank to support Japanese businesses' expansion to Mexico

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Report: Shinkin Central Bank to support Japanese businesses' expansion to Mexico

Shinkin Central Bank has signed an agreement with Banco Mercantil del Norte SA Institución de Banca Múltiple to provide financial support for Japanese shinkin banks' customers in Mexico, The Nikkei reported Jan. 19.

Under the arrangement, shinkin bank customers introduced to the Mexican bank through Shinkin Central Bank would be able to borrow money from Banco Mercantil.

Shinkin Central Bank signed the agreement on the expectation that more Japanese companies will expand their businesses to the country, The Nikkei said.