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Nomura’s ‘Niche’ Loans Jump 50% as Quake Spurs Cash Demand

Nomura Holdings Inc.’s retail lending surged 50 percent after Japan’s record earthquake as clients of the country’s largest brokerage tapped their investment portfolios to access cash.

Daily loan transactions jumped to about 150 from 100 and credit volume also climbed 50 percent as customers sought funds following the disaster, Naoshi Sakai, an executive director of Tokyo-based Nomura’s banking and trust agency services unit, said in an interview.