By Kazuma Nagahara / Yomiuri Shimbun Staff Writer

Orix Bank Corp. intends to increase lending to "strategic sectors" such as renewable energy and logistics to 300 billion yen this fiscal year, a 50% increase from the previous fiscal year, President Kanji Teramoto said during an interview with The Yomiuri Shimbun.

The bank will expand lending to such areas as "agribusiness-type solar power generation," in which farmland and rice paddies are used both for cultivating crops and generating electricity, as well as battery storage businesses.

Teramoto noted that the demand for electricity generated from renewable energy sources is expected to rise due to AI development and increased numbers of data centers. "There is no doubt that capital will flow in from both domestic and international sources," Teramoto said.

Regarding attracting deposits in a "world with interest rates," Teramoto said, "There will be competition with other financial institutions." He added that the bank will consider raising deposit interest rates so customers will open new accounts.

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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

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June 19, 2025 21:48 ET (01:48 GMT)

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