Mizuho Corporate Bank said Monday it has established a representative office in Moscow in a bid to strengthen its business in emerging markets, MarketWatch reported.

The wholesale and investment banking unit of Mizuho Financial Group Inc. said opening the office in Moscow will help its customers that are considering an expansion in Russia by providing them with more information.
Last October, the bank agreed to buy Michinoku Bank for about Y7 billion yen. Michinoku is the only Japanese bank to hold a full banking license in Russia. However, the timing of the acquisition’s completion hasn’t been decided yet.

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