Mizuho Financial Group (MFG) is boosting its efforts to grow its corporate and institutional banking business in Europe and Asia, Bloomberg reported Monday, citing an interview with company Chief Executive Masahiro Kihara.

The bank aims to replicate its expansion of the division in the US, unlike its Japanese peers Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG), according to the report.

Mizuho will aim for growth outside the US by targeting advisory business related to mergers and acquisitions, as well as offering financing and risk hedging products, the executive told Bloomberg.

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