LENDING & CREDIT | Staff Reporter, Japan

Mizuho to increase overseas branches from 33 to 50

The lender also plans to buy an investment bank in Asia.

Bloomberg noted that Mizuho Financial Group considers buying an Asian investment bank to help improve slow growth in winning equity.

In the report, Chief Executive Officer Yasuhiro Sato said he also plans to increase the branches in Asia outside of Japan to 50 from 33 within five years for its corporate banking unit.

According to Bloomberg, Mizuho may also expand by allying with an investment bank, purchasing asset managers and hedge funds in Singapore, India and Indonesia.

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