The lender also plans to buy an investment bank in Asia.
Bloomberg noted that Mizuho Financial Group considers buying an Asian investment bank to help improve slow growth in winning equity.
In the report, Chief Executive Officer Yasuhiro Sato said he also plans to increase the branches in Asia outside of Japan to 50 from 33 within five years for its corporate banking unit.
According to Bloomberg, Mizuho may also expand by allying with an investment bank, purchasing asset managers and hedge funds in Singapore, India and Indonesia.
Read more here.
Join Asian Banking & Finance community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!