TOKYO -- Japan's SBI Shinsei Bank will pay back 100 billion yen ($646 million) in government bailout funds by the end of March, Nikkei has learned, taking a key step toward its goal of relisting on the Tokyo Stock Exchange.
Finance
Japan's SBI Shinsei Bank to repay $646m in bailout funds by March
Lender aims to complete repayment and apply to relist as early as fiscal 2025
SBI Shinsei Bank is the only major Japanese bank that has not yet repaid government rescue funds from the late 1990s and 2000s. (Photo by Yutaka Miyaguchi)
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