Mizuho Applies for Islamic Banking, Begins Malaysian Operations
Mizuho Financial Group Inc. applied for an Islamic banking permit in Malaysia.
The bank is beginning the business with 61 bankers in Kuala Lumpur and wants to hire more as the operation expands. The statement came from Keizo Ohashi, chairman of the subsidiary.
Malaysia is giving out nine financial services licenses to overseas companies as it tries to boost banking industry competition amid record economic gains.