Japanese banks become more active
26 July 2008The bank sector of Japan has overcome consequences of the American hypothec crisis almost lost-free. Local financial institutions operated cautiously and promised high percent reacted to investment offers at the minimal risks. The Japanese bank branch has started to show activity just now.
According to Association of the Japanese banks, net-profit all financial institutions of the country has fallen on the average to 38 % and is on the lowest for last three years a level in 2,12 billion yens.
One of the largest Japanese banks Mizuho, which has suffered all the same strongly enough in result of the American financial crisis, plans to address to local investors. Thus it is necessary to note, that unlike the western banks crisis has not destructed it. And its competitors in Japan have even enough means to be aimed at favorable purchases worldwide.
So, for example, bank Sumitomo Mitsui buys a share in strong on-suffer as a result hypothec troubles Barclays in London. The concept of their cooperation provides, in particular, mutual support at release on the domestic market of the partner. Sumitomo Mitsui managers prove that interaction with the global player allows moving ahead in those segments where they could not make the way. Now the largest investment bank of Japan Nomura plans to create division, which similarly to a hedge-fund will invest in the bond in the New York branch. In these purposes Japanese have got firm Proxima Alfa Investments. It has also become known that the leader of the Japanese financial branch bank Mitsubishi UFJ Financial Group also prepares serious transaction.
- MUFG is to get 24,9 % of Morgan Stanley
- The Russian bank will lend out money in yens
- American banks will rescue bankrupt house owners
- European banks are looking for way out from crisis
