Tranche Update on The Bank of Nagoya, Ltd.'s Equity Buyback Plan announced on February 26, 2020.
February 26, 2020 at 08:50 pm EST
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From February 26, 2020 to February 27, 2020, the company has repurchased 700,000 shares, representing 3.72% for ¥2,299.5 million. With this, the company has completed the repurchase of 700,000 shares, representing 3.72% for ¥2,299.5 million under the buyback announced on February 26, 2020.
Bank of Nagoya Ltd is a regional bank that conducts business related to financial services, such as banking, comprehensive finance leasing, outsourcing, and credit card business. The Company operates in three business segments. The Banking segment provides deposit, loan, domestic and foreign exchange, securities investment, commodity securities transactions, as well as bond registration services, among others. The Leasing segment is engaged in the general finance leasing business. The Card segment is engaged in the credit card business and guarantee business. The other business activities include cash consolidation and scrutiny services, support for business succession, advice on initial public offerings and capital policies, and information and communication technology (ICT).