Source disclosure: February 25, 2026, 16:30 JST
Rakuten Bank,Ltd. [5838.T]
TOKYO, Feb 25 (Pulse News Wire) – Rakuten Bank,ltd. (5838.T) announced today that its board of directors approved a capital increase for its subsidiary, RICB (Rakuten International Commercial Bank Limited).
The move aims to strengthen RICB's operational foundation ahead of planned business expansion. Key details of theinclude: - Expected completion in July 2026. - Planned investment amount of 1,400,000,000 Taiwanese dollars. - Post-investment voting rights stake of 50% percent. - Current capital of 10,000,000,000 Taiwanese dollars.
- Established on May 18, 2020. The bank noted that changes to the final investment amount could occur based on regulatory approvals from Taiwanese authorities. A definitive decision is expected at RICB’s annual shareholders' meeting scheduled for April 2026. This capital injection is part of broader efforts to bolster RICB’s internet banking operations in Taiwan, which began in 2020. Rakuten Bank holds a significant equity stake in RICB, alongside other investors such as IBF Financial Holdings Co., Ltd.
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