(Provisional Translation)
August 1, 2003
Financial Services Agency
Administrative Actions against the Capital Injected Banks
The Financial Services Agency (FSA) issued Business Improvement Administrative Orders to the following capital injected banks based on the Article 20.2 of the Early Strengthening law and the Article 26.1 of the Banking law, since the FSA recognized the necessity to take supervisory actions against these banks, in order to ensure fulfillment of the respective Business Revitalization Plans.
Mizuho financial Group, Inc. | UFJ Holdings, Inc. | |
Sumitomo Mitsui Financial Group, Inc. | Mitsui Trust Holdings, Inc. | |
The Sumitomo Trust & Banking Co., Ltd. | Ashikaga Financial Group, Inc. | |
Momiji Holdings, Inc. | The Hokuriku Bank, Ltd. | |
The Kumamoto Family Bank, Ltd. | The Hokkaido Bank, Ltd. | |
The Chiba kogyo Bank, Ltd. | The Yachiyo Bank, Limited. | |
The Higashi-Nippon Bank, Limited. | The Fukuoka City Bank, Ltd. | |
The Wakayama Bank, Ltd. |
These orders contain the following measures:
(1) | Submission of a Business Improvement Plan including the measures for material improvement of profits to the FSA by August 29, 2003, |
(2) | Steady implementation of the submitted plan, and; |
(3) | Submission of the state of the implementation concerning the plan within two months after every quarter until fulfillment of the plan is recognized. |
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