Tokyo-based Shinsei Bank emerged from the remains of Japan’s Long Term Credit Bank in 2000, and divides its business into institutional banking, retail banking and consumer finance. The first of these units has been extremely profitable but an April credit note from Fitch Ratings says that “retail banking is just breaking even and [Shinsei’s] consumer lending businesses are suffering from the turmoil in that industry in the wake of legal changes that are enforcing radical industry restructuring.
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