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
The European Commission has approved under EC Treaty state aid rules a Latvian support scheme to stabilise financial markets by providing guarantees to eligible banks to ensure their access to financing.
more »
Gathering in Beijing, China's political elite gather to celebrate three decades of China's economic reform and market liberalisation.
more »
After two days of intense negotiations, European leaders reached agreement on how to achieve the EU’s ambitious climate change goals and endorsed a €200bn plan to revive the flagging EU economy.
more »
Detroit won't get its bailout, as the U.S. Senate blocked the measure to rescue America's big three car makers.
more »
The world is facing “an acute food crisis”. That was the verdict of a report adopted by MEPs in the Agriculture Committee on 8 December.
more »
The European Commission has agreed a Communication that aims to improve the functioning of the food supply chain in order to lower prices for consumers.
more »
The World Bank's 2009 Global Economic Prospects report is projecting world growth will shrink to 0.9 percent next year.
more »
Prospects for a federal aid package to help the US auto industry advanced on Monday.
more »
A new report from Aite Group LLC explores possible regulatory and legislative responses to the current financial crisis, with particular attention paid to three key topics: consumer lending, risk management and deposit relationships.
more »
A new report from Mercator Advisory Group's Retail Banking Practice focuses on the ATM and the multifaceted role it plays in the retail banking market.
more »