(Updates with prices of the shares of Nomura in the seventh paragraph).
April 11 (Bloomberg) - Nomura Holdings Inc. ready retail sweeps 50 per cent after the earthquake record of the Japan as clients of largest brokerage in the country operated their investment for cash access portfolios.Daily transactions of loan has gone from about 150 100 and volume of credit also reached 50 percent customers seeking funds following the disaster, Naoshi Sakai, an Executive Director of banking and Trust Agency based in Tokyo Nomura services unitsaid in an interview.Nomura aims to expand stock backed by investments of customers sevenfold to 200 billion yen ($2.4 billion) over the next five years, according to the two frameworks, which has refused to be identified. The brokerage, which bought certain assets of Lehman Brothers Holdings Inc. in 2008, following JPMorgan Chase & Co. and UBS AG in the construction of the two notices and banking units. "It is a niche business: it is reasonable to see Nomura strengthen its commercial banks as rival investment banks in Europe and the United States, do the same,""said Shiro Yoshioka, Japaninvest Co. Tokyo analyst."Japanese brokerage houses have good relations with retail customers, so it is natural to invite them to file and to borrow money. "The loan service allows borrowers get credit faster than they can for retail banks and encourage them to switch the portfolios of the rival brokerage houses, said Sakai. Shortages of basic needs after the earthquake, and the fears of leaks of nuclear radiation, closure of local businesses and the destruction of property has led to the request for funds. "Surprised to see '"our clients are surprised to see the 100 million yen transferred to their accounts of the day to the next, which is difficult to make their main banks,"he said. "This loan works when investors need cash but are reluctant to sell their shares."Landmark nation Nikkei 225 Stock average lost 6.7% since March 10, the day before, the temblor of magnitude-9, and the tsunami hit the Japan. Noumura increased by 0.5% to 423 yen at 11 h commercial break in Tokyo.The company aims pensioners, employees bureau, business owners and executives who hold shares in their business. Clients may borrow as much as 50 percent of the market value of Japanese stocks and Nomura has the right to sell the stock if the value falls below 70% of the amount of the loan.It is an instinct of survival: people want to ensure liquidity when they face anxiety in their lives, "" Naoki Iizuka, a senior economist at Mizuho Securities Co. in Tokyo, "said." "They realize that they need money when they see the news on television and imagine if they were in evacuation centers. "Now, ready to CustomersThe broker has approximately 5,000 accounts managed through its unit of Nomura Trust & Banking Co. and seeks a balance of loan of approximately 50 billion yen less than a year, officials said. Customers borrow an average of 1 million yen and 2 million yen and may obtain credit up to 100 million yen to 2.675% interest, said Sakai.Daiwa Securities Group Inc., second brokerage Japan, asked the Agency to Financial Services for a banking licence to provide services for filing and prêtle brokerage said on April 4. Nomura seem advertisements of colour in newspapers inviting clients to use their portfolios on the part of borrow funds before the earthquake. "Your stocks are fast asleep, you can use them to renovate bathroom, buy jewelry platinum for your wife, splash on a new car or return to school,"according to an announcement."February 24The brokerage, which purchased the assets of Asian and European fact Lehman bankruptcy in 2008, also began the case of loan this year. Nomura has obtained 57 percent of its revenues from domestic operations in the three months ending December 31. "Loans are a side business of stocks and mutual funds, said Sakai. "But our business is growing."-Publishers: James Gunsalus, Russell Ward
0-Apr/11/2011 02: 53 GMT
To contact the reporter on this story: Takahiko Hyuga in Tokyo at the thyuga@bloomberg.net
To contact the editor responsible for this story: Chitra Somayaji in the csomayaji@bloomberg.net
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