Merger announced to create new debt-collection body

Merger announced to create new debt-collection body

Kohei Nakabo (L), president of the Housing Loan Administration Corp., and Shigeru Mizuno (R), president of the Resolution and Collection Bank, shake hands Dec. 25 with Noboru Matuda (C), president of the government's Deposit Insurance Corp., after signing a contract for merger of their two organizations next April 1 to become a new government-backed debt collection body. The new corporation, aimed to facilitate clean up of the bad loans plaguing the Japanese financial system, is to be funded entirely by Deposit Insurance Corp. that bails out troubled banks. ==Kyodo

  • Product Code
  • ILEA000000979
  • Registered date
  • 1998/12/25 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • Media size
  • 1477 × 1219 pixel
  • Resolution
  • 72 dpi
  • Deployment size
  • 488.70(KB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos
    3 presidents of nonlife insurance firms announce merger plan

    3 presidents of nonlife insurance firms announce merger plan

    TOKYO, Japan - Ryutaro Sato (L), president of Nissan Fire & Marine Insurance Co., Hiroshi Hirano (C), president of Yasuda Fire & Marine Insurance Co., and Ichiro Ozawa, president of Taisei Fire & Marine Insurance Co., join hands at the Bank of Japan headquarters in Tokyo on Dec. 14 after announcing plans for the three nonlife insurers to merge in April 2002.
      Softbank signs NCB deal

      Softbank signs NCB deal

      TOKYO, Japan - Noboru Matsuda (L), head of the state-run Deposit Insurance Corp. (DIC), and Masayoshi Son (C), president of Internet investor Softbank Corp., sign documents on the purchase of failed Nippon Credit Bank (NCB) on June 30. Under he deal, the Softbank consortium will pay the government one billion yen for all outstanding NCB common shares and another 100 billion yen to bolster NCB's capital base.