稚内信用金庫Private▼ Negative
Capitalrelevance
Wakkanai Shinkin Bank receives ~20 billion yen capital support due to unrealized losses on JGBs from rising interest rates, indicating financial weakness.
It has been learned that Shinkin Central Bank is making arrangements to provide capital support to Wakkanai Shinkin Bank. As rising interest rates have expanded unrealized losses on Japanese government bonds held by Wakkanai Shinkin Bank, the aim is to strengthen its financial base. The support amount is being considered at around 20 billion yen. Wakkanai Shinkin Bank disclosed that it has applied for capital support from Shinkin Central Bank, and released a comment stating that almost all of the valuation losses stem from government bonds that will be fully redeemed at maturity, and that this does not hinder its business operations.
Wakkanai Shinkin Bank receives ~20 billion yen capital support due to unrealized losses on JGBs from rising interest rates, indicating financial weakness.