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Fukuoka Financial to sell some of its loans to reduce market share as it seeks merger approval

( May 9, 2017, 02:33 GMT | Insight) -- Fukuoka Financial Group, a Japanese regional bank, has decided to sell some of its loans to reduce its market share as it seeks regulatory approval to merge with Eighteenth Bank, the Nikkei newspaper reports. Fukuoka Financial Group, a Japanese regional bank, has decided to sell some of its loans to reduce its market share as it seeks regulatory approval to merge with Eighteenth Bank, the Nikkei newspaper reports. Fukuoka Financial will this week enter talks with borrowers of its Shinwa Bank unit and of Eighteenth Bank. The Japan Fair Trade Commission is still reviewing Fukuoka Financial's planned merger with Eighteenth Bank over concerns that the merged company would have about a 70 percent share of the lending market in Nagasaki, southwestern Japan. It's not certain how many of the borrowers will agree to the sale, according to the newspaper. ...

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