経済｜SBI新生銀、公的資金を完済へ / Economy | SBI Shinsei Bank to fully repay public funds.

Summary

SBI Shinsei Bank announced that it will fully repay approximately 230 billion yen in public funds by the end of July 2023. This repayment will be achieved through the acquisition of preferred shares held by a government-backed deposit insurance organization by its parent company, SBI Holdings. Following the repayment, the bank aims to relist on the Tokyo Stock Exchange within the year. This move is seen as a crucial step in strengthening the management foundation of SBI Shinsei Bank.

Dialogue

This dialogue is fictional and based on the article.

Log: Hey Chako, did you know that SBI Shinsei Bank is going to pay off its public funds?
Chako: Wow, that’s amazing! And they’re aiming for a relisting too!
Log: Yeah, they’re going to pay off 230 billion yen. It seems like this will be achieved by the parent company buying back preferred shares.
Chako: I see, so that’s why their management is becoming more stable!
Navi: Paying off public funds will likely contribute to increased credibility in the financial market for SBI Shinsei Bank.
Chako: I’m really looking forward to the relisting!

Admin’s Note

The news that SBI Shinsei Bank has fully repaid public funds could have a positive impact on the overall economy. As mentioned in the conversation between Chako and Log, there is hope that by aiming for relisting, the bank can regain trust from the market. In particular, the approach of buying back preferred shares is a good example of demonstrating the soundness of its management. I’m looking forward to seeing how SBI Shinsei Bank will grow in the future.