Japan’s Aozora Bank Extends Gain on Plans to Resume Dividend
- Aozora held a call with analysts on Friday to provide update
- Bank says no additional losses tied to US office loans
The Aozora Bank Ltd. headquarters in Tokyo, on Feb. 1.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Aozora Bank Ltd. shares extended gains as the Japanese lender said it aims to resume dividend payments, and as investor concerns dissipated over losses on US commercial real estate.
The stock surged as much as 9.6%, the most since March 2020, taking its gains to about 18% so far this week. The Tokyo-based bank held a web meeting on Friday with analysts to provide an update of its business situation, a spokesperson said on Wednesday.