Aozora Bank (JP:8304) has released an update.
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Aozora Bank has reported a solid start to FY2024 with a reduction in ‘In Danger of Bankruptcy borrowers’ and improved profits from financial market-related businesses. Additionally, the partnership with Daiwa Securities Group is strengthening, marked by share acquisitions and the appointment of an outside director. The bank’s customer-related business and strategic investments are performing well, with expectations for GMO Aozora Net Bank to turn profitable in the second half of the fiscal year.
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