Japan's SBI Shinsei Bank, partly owned by the government, said Friday that it has repaid 100 billion yen to the state, about one-third of the total its predecessor received in a bailout decades ago.

On 7 March 2025, SBI Shinsei agreed that all 12 shares of its common shares held by the government will be converted to preferred shares. Then, the bank will repay JPY100b ($674.45m) to the ...