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Shiga Bank, Senshu Ikeda Near Merger Talks Announcement

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Story summary
  • Shiga Bank and Senshu Ikeda are negotiating a merger that would create Kansai’s largest regional banking group.
  • The combined entity would hold more than ¥14 trillion (about $89.4 billion) in assets.
  • An integration announcement is expected within the next week, sources said.
  • Ariake Capital holds 10.8% of Senshu Ikeda and 6.48% of Shiga Bank.