Parex Bank’s Far Eastern representative office announced the launch of its operations in Japan’s capital city, Tokyo
Published:
18 November 2003 y., Tuesday
The Japanese market is interesting due to a number of reasons:
- A great concentration of private deposit savings;
- Extremely low rates. In effect, customers end up paying their Japanese banks for keeping their funds;
- Large Japanese businesses have shown interest in the Russian, Eastern European and Baltic markets;
- There are opportunities for partnership with the Japan Bank for International Cooperation (JBIC) as well as other banks in Japan;
- Japan’s institutions are friendly and positive to foreign enterprises (Parex Bank for example) who show their interest in Japan;
- In recent years Japanese banking regulations have become more flexible, especially concerning foreign financial institutions. Parex Bank became a member of the Association of International Bankers of Japan.
As has been seen in various media, a number of Latvian entrepreneurs have already showed interest in possible business relations with partners in Japan. Parex Bank is prepared to assist entrepreneurs in trade with Japan.
Šaltinis:
parex.net
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Reform of the banking system was one of the key themes at this year's World Economic Forum in Davos, with bankers coming in for a lot of criticism.
more »
Small firms have been hard hit by the economic crisis, and so must be given incentives and support, including easier access to credit, help with innovation, tax breaks and less red tape, MEPs on Parliament's Special Committee on the Financial, Economic and Social Crisis (CRIS), and experts agreed at a workshop on Monday.
more »
The elections and investiture of Porfirio Lobo as President of Honduras have cleared the way for the EU to restore normal relations with the Central American country and negotiations for signing a bi-regional Association Agreement may soon resume.
more »
The European Commission has approved applications from Lithuania for assistance under the European Globalisation Adjustment Fund (EGF).
more »
The European Commission has decided to refer Italy to the European Court of Justice (ECJ) on the basis of Article 108(2) of the Treaty on the Functioning of the European Union (TFEU) for failing to comply with a Commission decision of July 2008.
more »
The EBRD is helping to strengthen the financial sector in Bosnia-Herzegovina (BiH) with a €50 million credit line to the Deposit Insurance Agency of Bosnia and Herzegovina (DIA), the Bank’s first investment in a deposit insurance entity.
more »
In its first investment in the natural resources sector in Bosnia and Herzegovina, the EBRD is providing a €17 million sovereign loan to finance the gasification of the Central Bosnia Canton.
more »
The EBRD is increasing the availability of financing to private businesses in Armenia with a $5 million credit line and a $3 million trade finance facility to ArmSwissBank for small and medium companies (SMEs).
more »
On January 27 the European Commission assessed the action taken by Lithuania, Malta, Latvia and Hungary in response to recommendations proposed by the Commission and endorsed by the Council in July 2009 in respect to the correction of their respective budget deficits.
more »
EUROSTAT announced that Lithuania’s GDP rose by 6.1 % in the 3rd quarter of 2009 versus the previous quarter.
more »