Mizuho Bank has outstanding loans to yakuza and other antisocial elements apart from car loans extended through its affiliate credit company, Orient Corp., President Yasuhiro Sato told the Diet on Wednesday.
Giving unsworn testimony before the Lower House Financial Affairs Committee, Sato said that while the bank has a database in place that prevents it from making new loans to mobsters, there are loans that made it through the screening process that existed at the time they were made and were later discovered to have dubious recipients.
He refused to elaborate on the amount of money involved or the number of such dealings, saying it is a "delicate matter."
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