NCB begins operations under new owners

NCB begins operations under new owners

TOKYO, Japan - Nippon Credit Bank (NCB) opens Sept. 4 for its first official day of business under the ownership of a consortium led by Internet investor Softbank Corp., following 21 months of state control that ended Sept. 1. The new management is expected to adopt a plan to rename the institution Aozora Bank in January 2001. Aozora means ''blue sky'' in Japanese. Photo shows new NCB executives (from L to R) of Kokei Higuchi, president of Tokio Marine & Fire Insurance Co., Masayoshi Son, president of Softbank Corp., Tadayo Homma, a former executive director of the Bank of Japan, who is expected to become president of the new bank, and Yoshihiko Miyauchi, chairman of Orix Corp.

  • Product Code
  • ILEA000005811
  • Registered date
  • 2000/9/04 00:00:00
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  • Kyodo / Kyodo News Images
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