Aozora Announces Early and Full Repayment of Public Funds
OREANDA-NEWS. The full repayment of public funds has been a corporate priority at Aozora, and the Bank has strived to ensure sound management as well as increase its corporate value. In August 2012, the Bank announced its 'Comprehensive Recapitalization Plan' and has implemented its public funds repayment process in accordance with the plan, while also focusing on enhancing returns to shareholders.
As a result of the Bank's strong business performance and the increase in its share price, Aozora believe that conditions have now been satisfied for the early and full repayment of public funds. Aozora is pleased to announce its decision to make an early and full repayment of public funds. Subject only to the approval of the regulatory authorities, the Bank intends to fully repay the remaining 143.4 billion yen in public funds on June 29, 2015, following the next installment payment (annual super preferred dividend) of approximately 20.5 billion yen.
After the repayment of public funds, Aozora will aim to become a 'Primary Secondary Bank: An Even More Reliable Partner' for its customers through the provision of differentiated and specialized financial services, while making every effort to fulfill its public role as a bank in Japan. The Bank also reaffirms its commitment to a strong risk management framework and the maintenance of sound management, in order to preserve its financial strength and institutional discipline under any future conditions.
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