Daiwa Bank Holdings president to become head of Resona Bank

Daiwa Bank Holdings president to become head of Resona Bank

OSAKA, Japan - Daiwa Bank Holdings Inc. President Yasuhisa Katsuta (R) speaks at a news conference in Osaka on Aug. 28, flanked by Asahi Bank President and Daiwa Bank Holdings Vice President Yukio Yanase (L). Katsuta is to become the head of Resona Bank, which will be created in March 2003 through the merger of Daiwa Bank and Asahi Bank. Yanase will replace Katsuta after the holding company is renamed Resona Holdings Inc. in October 2002.

Asahi joins Daiwa Bank Holdings

Asahi joins Daiwa Bank Holdings

OSAKA, Japan - Yasuhisa Katsuta (standing), president of Daiwa Bank Holdings Inc., speaks March 1 at a ceremony in Osaka to mark Asahi Bank's entry into the Daiwa group to form Japan's fifth-largest banking group. At left is Asahi Bank President Yukio Yanase, who was appointed vice president of Daiwa Bank Holdings.

Asahi Bank forecasts full-year net loss of 530 bil. yen

Asahi Bank forecasts full-year net loss of 530 bil. yen

TOKYO, Japan - Asahi Bank President Yukio Yanase tells reporters in Tokyo on Nov. 20 his bad loan-swamped bank has revised its group net income forecast for the whole of fiscal 2001 sharply downward to a loss of 530 billion yen, a dramatic reversal from its May forecast of a 36 billion yen profit.

Asahi Bank scraps adviser posts, cuts exec salaries

Asahi Bank scraps adviser posts, cuts exec salaries

TOKYO, Japan - Yukio Yanase, the new president of Asahi Bank, said at a news conference Oct. 26 in Tokyo that the bank will abolish adviser posts as part of measures to improve the bank's management. Yanase assumed the presidency the same day to replace Tatsuro Ito.

Asahi Bank set for loss

Asahi Bank set for loss

TOKYO, Japan - Asahi Bank Managing Director Yukio Yanase speaks at a news conference in Tokyo on March 23. Yanase said his bank will take a big loss this fiscal year to clean up bad debt and regain market trust in the banking sector. He said the sum of bad-loan disposals will be 310 billion yen, forcing the bank to suffer a group net loss of 10 billion yen in a major turnaround from an earlier projected 30 billion yen net profit.

Asahi Bank forecasts full-year net loss of 530 bil. yen

Asahi Bank forecasts full-year net loss of 530 bil. yen

TOKYO, Japan - Asahi Bank President Yukio Yanase tells reporters in Tokyo on Nov. 20 his bad loan-swamped bank has revised its group net income forecast for the whole of fiscal 2001 sharply downward to a loss of 530 billion yen, a dramatic reversal from its May forecast of a 36 billion yen profit.

Asahi joins Daiwa Bank Holdings

Asahi joins Daiwa Bank Holdings

OSAKA, Japan - Yasuhisa Katsuta (standing), president of Daiwa Bank Holdings Inc., speaks March 1 at a ceremony in Osaka to mark Asahi Bank's entry into the Daiwa group to form Japan's fifth-largest banking group. At left is Asahi Bank President Yukio Yanase, who was appointed vice president of Daiwa Bank Holdings.

Daiwa Bank Holdings president to become head of Resona Bank

Daiwa Bank Holdings president to become head of Resona Bank

OSAKA, Japan - Daiwa Bank Holdings Inc. President Yasuhisa Katsuta (R) speaks at a news conference in Osaka on Aug. 28, flanked by Asahi Bank President and Daiwa Bank Holdings Vice President Yukio Yanase (L). Katsuta is to become the head of Resona Bank, which will be created in March 2003 through the merger of Daiwa Bank and Asahi Bank. Yanase will replace Katsuta after the holding company is renamed Resona Holdings Inc. in October 2002. (Kyodo)

Asahi Bank set for loss

Asahi Bank set for loss

TOKYO, Japan - Asahi Bank Managing Director Yukio Yanase speaks at a news conference in Tokyo on March 23. Yanase said his bank will take a big loss this fiscal year to clean up bad debt and regain market trust in the banking sector. He said the sum of bad-loan disposals will be 310 billion yen, forcing the bank to suffer a group net loss of 10 billion yen in a major turnaround from an earlier projected 30 billion yen net profit.