PartnershipMay 20, 2026, 10:06 AM
Mizuho Bank, Rakuten Bank Form Strategic Alliance; Mizuho to Acquire 10.52% Stake
AI Summary
Mizuho Bank and Rakuten Bank announced a strategic capital and business alliance to establish a new credit creation model. As part of the capital alliance, Mizuho Bank will acquire 23,559,673 Class A shares of Rakuten Bank, which will be converted into common shares, resulting in Mizuho Bank holding 10.52% of Rakuten Bank's voting rights. The business alliance includes Rakuten Bank acquiring corporate loans and other assets from Mizuho Bank, collaboration on payment solutions for small businesses, and operational efficiency initiatives, including crisis cash disbursement support.
Key Highlights
- Mizuho Bank and Rakuten Bank entered a strategic capital and business alliance.
- Mizuho Bank will acquire 23,559,673 Class A shares of Rakuten Bank.
- Upon conversion, Mizuho Bank will hold 10.52% of Rakuten Bank's total voting rights.
- The alliance aims to establish a new credit creation model by combining their strengths.
- Rakuten Bank will acquire corporate loans and diverse assets originated by Mizuho Bank.
- Collaboration includes addressing payment needs for small corporate customers and operational efficiency.
- Mizuho Bank will provide temporary over-the-counter cash disbursement in case of a Rakuten Bank crisis.
- The share delivery and alliance commencement are planned for October 1, 2026.
Price Impact
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