trending Market Intelligence /marketintelligence/en/news-insights/trending/ztitEZMDd555iRpgEB2C1A2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Aozora Bank, other Japanese banks invest in GL Connect

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Aozora Bank, other Japanese banks invest in GL Connect

Aozora BankLtd. said March 29 that it invested in GL Connect Corp., a whollyowned corporate finance subsidiary of ITOCHU Corp.

Aozora Bank's stake will increase to 19.90% after theinvestment, while ITOCHU will retain a 48.87% in GL Connect, which is expectedto become an Aozora Bank affiliate company.

Several other Japanese regional banks also invested in GLConnect. The banks are KagoshimaBank Ltd., ShonaiBank Ltd., JurokuBank Ltd., Toho BankLtd. and Iyo BankLtd.

GL Connect will operate a joint venture enterprise and willoffer customers with business solutions in addition to existing financialservices.