Japan's SBI Shinsei Bank to repay $646m in bailout funds by March

 

 Japan's SBI Shinsei Bank to repay $646m in bailout funds by March

TOKYO -- SBI Shinsei Bank will pay back 100 billion yen ($646 million) in government bailout funds by the end of March, Nikkei has learned, taking a key step toward its goal of relisting on the Tokyo Stock Exchange.
 
SBI Shinsei is the only major Japanese bank that has yet to fully repay government bailout funds received in the late 1990s and 2000s in the aftermath of Japan's asset price bubble bursting.