Regional banks in 3 Tohoku prefectures are discussing a merger. Aomori Michinoku Bank, Iwate Bank and Akita Bank have approximately ¥13 trillion in total assets, and concerns have been raised that population decline could affect their operations in the future.
It has been reported that Aomori Michinoku Bank, Iwate Bank and Akita Bank, the regional banks in Tohoku's 3 prefectures, are holding discussions toward a merger.
The total assets of the 3 banks covered by the proposed merger are estimated at approximately ¥13 trillion, and there is recognition that the region's declining population could affect their operating environment in the future.