Mizuho Bank
From Wikipedia, the free encyclopedia
| Mizuho Bank, Ltd. | |
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| Type | Public KK (a Mizuho Financial Group company) |
| Founded | 1897 |
| Headquarters | Tokyo, Japan |
| Key people | Seiji Sugiyama, President & CEO |
| Industry | Financial Services |
| Revenue | ▲ 10.435 billion USD (FY 2005) |
| Employees | 15,621 (2005) |
| Subsidiaries | Mizuho Investors Securities UC Card Mizuho Capital |
| Website | www.mizuhobank.co.jp |
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Mizuho Bank, Ltd. (株式会社みずほ銀行 Kabushiki-gaisha Mizuho Ginkō?) is a Japanese bank that was established on April 1, 2002 by the merger of the Dai-Ichi Kangyo Bank and the retail operations of the Fuji Bank and the Industrial Bank of Japan. It forms the core consumer banking unit of Mizuho Financial Group, which is the second-largest financial services company in Japan and one of the three so-called Japanese "megabanks" (along with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group). Its headquarters are located in the Uchisaiwaicho district of Chiyoda ward, Tokyo.
Mizuho Bank is active in retail banking with 515 branches and over 11,000 ATMs. Mizuho Bank is the only bank to have branches in every prefecture in Japan. It serves over 26 million Japanese households, 90,000 SME customers, and retail brokerage clients under the name Mizuho Investors Securities nationwide.
The bank's name “mizuho” means “golden ears of rice” in Japanese.
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[edit] History
[edit] The Dai-ichi Kangyo Bank, Limited
The Dai-ichi Bank, Ltd. was the first bank ever to be established in Japan. It was established by the industrialist Shibusawa Eiichi. It was originally empowered to issue banknotes, until the Bank of Japan assumed this function in 1883.
The Nippon Kangyo Bank, Ltd. was formed in 1897 as a governmental institution providing long-term industrial and agricultural loans.
In 1971 the Dai-ichi and the Nippon Kangyo Bank merged to form the Dai-Ichi Kangyo Bank, Limited, abbreviated as DKB. DKB surpassed longtime leader the Fuji Bank as the Japan's largest bank by assets.
[edit] The Fuji Bank, Limited
The Fuji Bank, Limited traces its history as far back as the old Yasuda zaibatsu.
Zenjiro Yasuda, the founder of the Yasuda zaibatsu, opened a combination dry goods and money exchange business, “Yasuda-ya,” in Nihonbashi, Tokyo in 1864.
Yasuda-ya became incorporated in 1912, with a capital of 10 million yen, and changed its name to Yasuda Bank.
After World War II, Yasuda zaibatsu were dissolved by the SCAP. On October 1, 1948, Yasuda Bank changed its name to the Fuji Bank, Limited.
[edit] Shareholders
- Mizuho Financial Group (100%)
[edit] Services
- Current accounts.
- Cash cards for use in Japan only.
- International cash cards.
- International money transfers.
- Credit cards.
- Saving accounts.
- Loans.
- Internet Banking.
- Website.
All services, including Internet Banking and the main website are in Japanese only. Some branches hire English-speaking employees. All services except for international cash cards, credit cards and international money transfers are limited to the territory of Japan.
Restrictions on foreign nationals apply, particularly loans are available only for Japanese nationals or for permanent residents of Japan holding a permanent employment.
[edit] See also
[edit] External links
- Mizuho Bank
- (Japanese) Mizuho Bank
- Mizuho Financial Group
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