Rakuten Bank Raises NT$2.778 Billion to Fuel Business Development
Rakuten International Commercial Bank (Rakuten Bank) is conducting a capital increase of NT$2,778,938,000 to support future business development. Simultaneously, it will undergo a capital reduction to offset accumulated losses, positioning 2026 as the 'first year of corporate finance' to strengthen its corporate banking operations.
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- 📰 Published: June 10, 2026 at 22:45
- 🔍 Collected: June 10, 2026 at 22:58 (13 min after Published)
- 🤖 AI Analyzed: June 10, 2026 at 22:59 (1 min after Collected)
Waterland Financial Holding Co., Ltd. (ticker: 2889) today announced on behalf of its subsidiary, Rakuten International Commercial Bank (Rakuten Bank), the company's plan for a capital reduction to offset losses and a private placement cash capital increase for this year. The capital increase amount is NT$2,778,938,000, with the primary purpose of supporting future business development. The subscription ratio for existing shareholders is 100%, and the record date for the capital increase is June 22.
Waterland Financial also announced that Rakuten Bank's shareholders' meeting on April 17 resolved to implement a capital reduction to offset losses, which was approved by the Financial Supervisory Commission (FSC) on June 8 under document number FSC Securities Issuance Letter No. 1150344907. However, the plan for exchanging shares due to this capital reduction will be announced separately after the registration of changes is completed. The base date for the capital reduction is June 18.
Rakuten Bank also announced that to strengthen its capital and working capital to support future business development, it will conduct a private placement cash capital increase. The planned issuance is 277,893,800 shares, with a par value of NT$10 per share. The total issuance amount is NT$2,778,938,000, and the issuance price is NT$10 per share. The subscription ratio for existing shareholders is 100%, and the record date for the cash capital increase is June 22.
Regarding Rakuten Bank's business plans for this year, Waterland Financial previously stated that Rakuten Bank has significantly grown its corporate loan portfolio through participation in syndicated loans. This year, the bank will focus on increasing its loan balance. With steady progress in corporate account openings, it will subsequently promote corporate deposits and non-syndicated loan corporate finance business. The year 2026 is positioned as the 'first year of corporate finance,' with the aim of continuously expanding the overall balance sheet.
Among Taiwan's three pure digital banks, LINE Bank and Next Bank have already undergone capital reductions and increases. LINE Bank reduced its capital by NT$2.5 billion and increased it by NT$7.5 billion in June 2022, and further increased capital by NT$5 billion in June 2025, bringing its current capital to NT$20 billion. Next Bank reduced its capital by NT$2.643 billion and increased it by NT$2.643 billion in December 2023, maintaining its paid-in capital at NT$10 billion. Now, the third pure digital bank, Rakuten Bank, is also planning a capital reduction and increase.
Waterland Financial also announced that Rakuten Bank's shareholders' meeting on April 17 resolved to implement a capital reduction to offset losses, which was approved by the Financial Supervisory Commission (FSC) on June 8 under document number FSC Securities Issuance Letter No. 1150344907. However, the plan for exchanging shares due to this capital reduction will be announced separately after the registration of changes is completed. The base date for the capital reduction is June 18.
Rakuten Bank also announced that to strengthen its capital and working capital to support future business development, it will conduct a private placement cash capital increase. The planned issuance is 277,893,800 shares, with a par value of NT$10 per share. The total issuance amount is NT$2,778,938,000, and the issuance price is NT$10 per share. The subscription ratio for existing shareholders is 100%, and the record date for the cash capital increase is June 22.
Regarding Rakuten Bank's business plans for this year, Waterland Financial previously stated that Rakuten Bank has significantly grown its corporate loan portfolio through participation in syndicated loans. This year, the bank will focus on increasing its loan balance. With steady progress in corporate account openings, it will subsequently promote corporate deposits and non-syndicated loan corporate finance business. The year 2026 is positioned as the 'first year of corporate finance,' with the aim of continuously expanding the overall balance sheet.
Among Taiwan's three pure digital banks, LINE Bank and Next Bank have already undergone capital reductions and increases. LINE Bank reduced its capital by NT$2.5 billion and increased it by NT$7.5 billion in June 2022, and further increased capital by NT$5 billion in June 2025, bringing its current capital to NT$20 billion. Next Bank reduced its capital by NT$2.643 billion and increased it by NT$2.643 billion in December 2023, maintaining its paid-in capital at NT$10 billion. Now, the third pure digital bank, Rakuten Bank, is also planning a capital reduction and increase.
FAQ
What is the amount of Rakuten Bank's capital increase?
NT$2,778,938,000.
What is the purpose of the capital increase?
To strengthen capital and working capital for future business development, especially corporate banking.
Why is the capital reduction being conducted?
To offset accumulated losses and improve the financial structure.