The Bank of Kyoto, a subsidiary of Kyoto Financial Group, Inc., announced that it will raise interest rates on yen time deposits from 2 November. The specific size of the rate increase was not stated in the article.
The Bank of Kyoto announced on 30 October that it would raise time deposit rates, with the new rates taking effect on 2 November. The change applies to yen-denominated time deposits and was decided by The Bank of Kyoto within the group.
The announcement was made by The Bank of Kyoto, a subsidiary of Kyoto Financial Group, Inc., and the move may be positioned as part of the group’s overall asset management policy.