Japan Cooperative Bank Norinchukin Bank (Nochu Bank) CEO Kazuto Oku Plans to Resign after $10 Billion (JPY 1.5 Trillion) Paper Losses from Foreign Bonds Investments & to Raise New Capital, Bank Manages $309 Billion of Investments (JPY 56 Trillion) in 2024 September, Invests in Stocks & Bonds with 40% in Foreign Bonds, Bank Collects Funds from Businesses & People in Agriculture, Forestry & Fisheries
19th February 2025 | Hong Kong
Japan cooperative bank Norinchukin Bank (Nochu Bank) CEO Kazuto Oku is planning to resign after around $10 billion paper losses (JPY 1.5 trillion) from foreign bonds investments, and announced to raise new capital. Norinchukin Bank manages $309 billion of investments (JPY 47 trillion) in 2024 September, investing in stocks & bonds with 40% in foreign bonds. Norinchukin Bank collects funds from businesses & people in agriculture, forestry & fisheries. Announcement (7/2/25): “The Norinchukin Bank (“The Bank”) announces that, with strong support from its member cooperatives (“members”), it has resolved to accept a new capital increase of 41.1 billion Yen in lower-dividend rate stocks (CET1 capital) from its members on March 31, 2025. The Bank is currently proceeding with the necessary procedures for this capital increase. In addition, the Bank has also resolved to increase the total issuance amount of fixed-term subordinated loan (Tier2 capital) to its members to 642.8 billion Yen(*), which is an increase from the announcement on August 1, 2024. (*) Of which, 141.9 billion Yen was issued on November 29, 2024, and 500.8 billion Yen is scheduled to be issued on March 28, 2025. With the series of its capital enhancements during this fiscal year, the Bank will steadily improve its investment portfolio and pursue initiatives to establish an even more robust profitability base.
“ Japan Cooperative Bank Norinchukin Bank (Nochu Bank) CEO Kazuto Oku Plans to Resign after $10 Billion (JPY 1.5 Trillion) Paper Losses from Foreign Bonds Investments & to Raise New Capital, Bank Manages $309 Billion of Investments (JPY 56 Trillion) in 2024 September, Invests in Stocks & Bonds with 40% in Foreign Bonds, Bank Collects Funds from Businesses & People in Agriculture, Forestry & Fisheries “
Japan Cooperative Bank Norinchukin Bank (Nochu Bank) CEO Kazuto Oku Plans to Resign after $10 Billion (JPY 1.5 Trillion) Paper Losses from Foreign Bonds Investments & to Raise New Capital, Bank Manages $309 Billion of Investments (JPY 56 Trillion) in 2024 September, Invests in Stocks & Bonds with 40% in Foreign Bonds, Bank Collects Funds from Businesses & People in Agriculture, Forestry & Fisheries
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