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FINWIRES

The Shiga Bank and Senshu Ikeda Enter Business Alliance With Cross-Shareholdings of 0.5% to 1%

-- The Shiga Bank (TYO:8366) and Senshu Ikeda (TYO:8714) have agreed to form a capital and business alliance, under which each company will acquire approximately 0.5% to 1% of the other's shares based on current stock prices.

The two regional financial institutions aim to strengthen their capabilities by leveraging mutual resources such as branch networks, customer bases, human capital, and brands, according to Tokyo bourse filings on Friday.

Key alliance fields include corporate growth support, wealth management services for individuals, sustainable finance, digitalization, and human resource development and exchange.

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