TOKYO, Apr 06 (Pulse News Wire) – SBI Holdings,inc. (8473.T) completed the share transfer of its Korean subsidiary, SBI Savings Bank, to Kyobo Life Insurance on April 06, 2026.
As previously disclosed on April 28, 2025, SBI Holdings decided to sell part of its shares in SBI Savings Bank to Kyobo Life Insurance. Under this transaction, SBI Holdings transferred a total of ¥9,000 billion KRW worth of shares, divided into two tranches: ¥3,000 billion KRW in the first tranche and ¥6,000 billion KRW in the second tranche. Following the completion of the transfers, SBI Holdings retains a reduced economic interest in SBI Savings Bank but expects the impact on its consolidated performance to be minor.
Prior to the transfer, SBI Holdings held approximately 20.84% of SBI Savings Bank's voting rights. After the transactions, SBI Holdings' stake was reduced to around 10.42%. The company anticipates recognizing gains from the sale of SBI Savings Bank shares, though the exact amount remains under review.
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