Joyo Bank
Encyclopedia
is a Japanese regional bank that is headquartered in Mito city
, Ibaraki Prefecture
. The bank is relatively large among Japanese regional lenders, and operates branches throughout the Kantō region
. In addition to branches in Miyagi
, Fukushima
, Chiba
, Saitama
, Tokyo
, and Osaka
prefectures, the bank also operates a representative office in Shanghai
. While the bank has many stakeholders, prominent shareholders include the Bank of Tokyo-Mitsubishi, along with several major Japanese insurance companies
Ibaraki Prefecture
is located to the northeast of Tokyo and has a total population of 3,976,000. Although the prefecture ranks only 24th in size among Japan's 47 prefectures, it ranks 4th in terms of usable area. It is therefore one of the leading producers of agricultural products and has a largely rural population. As a consequence of this, Joyo Bank has had to maintain a large but inefficient branch network. This feature has helped the bank by limiting competition from other banks, with the result that Joyo Bank has been able to command a 38% market share of deposits and 42% share of loans in Ibaraki.
(1987 – 2002), London
(1982 – 2000), Hong Kong
(1994 – 1999), and Shanghai
(est. 1996). Of these, only the Shanghai office remains open.
Mito, Ibaraki
is the capital of Ibaraki Prefecture, Japan and has a central location, moderately offset towards the coast in that prefecture. As of 2005, the city has an estimated population of 263,748 and a total area is 217.45 km², giving a population density of 1,212.91 persons per km²...
, Ibaraki Prefecture
Ibaraki Prefecture
is a prefecture of Japan, located in the Kantō region on the main island of Honshu. The capital is Mito.-History:Ibaraki Prefecture was previously known as Hitachi Province...
. The bank is relatively large among Japanese regional lenders, and operates branches throughout the Kantō region
Kanto region
The is a geographical area of Honshu, the largest island of Japan. The region includes the Greater Tokyo Area and encompasses seven prefectures: Gunma, Tochigi, Ibaraki, Saitama, Tokyo, Chiba, and Kanagawa. Within its boundaries, slightly more than 40 percent of the land area is the Kantō Plain....
. In addition to branches in Miyagi
Miyagi Prefecture
is a prefecture of Japan in the Tōhoku Region on Honshu island. The capital is Sendai.- History :Miyagi Prefecture was formerly part of the province of Mutsu. Mutsu Province, on northern Honshu, was one of the last provinces to be formed as land was taken from the indigenous Emishi, and became the...
, Fukushima
Fukushima Prefecture
is a prefecture of Japan located in the Tōhoku region on the island of Honshu. The capital is the city of Fukushima.-History:Until the Meiji Restoration, the area of Fukushima prefecture was known as Mutsu Province....
, Chiba
Chiba Prefecture
is a prefecture of Japan located in the Kantō region and the Greater Tokyo Area. Its capital is Chiba City.- History :Chiba Prefecture was established on June 15, 1873 with the merger of Kisarazu Prefecture and Inba Prefecture...
, Saitama
Saitama Prefecture
is a prefecture of Japan located in the Kantō region of the island of Honshu. The capital is the city of Saitama.This prefecture is part of the Greater Tokyo Area, and most of Saitama's cities can be described as suburbs of Tokyo, to which a large amount of residents commute each day.- History...
, Tokyo
Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
, and Osaka
Osaka
is a city in the Kansai region of Japan's main island of Honshu, a designated city under the Local Autonomy Law, the capital city of Osaka Prefecture and also the biggest part of Keihanshin area, which is represented by three major cities of Japan, Kyoto, Osaka and Kobe...
prefectures, the bank also operates a representative office in Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
. While the bank has many stakeholders, prominent shareholders include the Bank of Tokyo-Mitsubishi, along with several major Japanese insurance companies
Ibaraki Prefecture
Ibaraki Prefecture
is a prefecture of Japan, located in the Kantō region on the main island of Honshu. The capital is Mito.-History:Ibaraki Prefecture was previously known as Hitachi Province...
is located to the northeast of Tokyo and has a total population of 3,976,000. Although the prefecture ranks only 24th in size among Japan's 47 prefectures, it ranks 4th in terms of usable area. It is therefore one of the leading producers of agricultural products and has a largely rural population. As a consequence of this, Joyo Bank has had to maintain a large but inefficient branch network. This feature has helped the bank by limiting competition from other banks, with the result that Joyo Bank has been able to command a 38% market share of deposits and 42% share of loans in Ibaraki.
Profile
As of March 31, 2005- Assets: Approximately 6.1 trillion yen (approximately USD 56 billion)
- Employees: 3,512
- Branches: 145 branches, 25 sub-branches, 1 overseas representative office
- President: Kunio Onizawa
- Member: Regional Banks Association of Japan
History
The Joyo Bank can trace its roots back to the Meiji era in 1878 with the establishment of the and the . These two institutions merged on July 30, 1935 to form the Joyo Bank. The year 2005 saw the 70th anniversary of this event. The bank has merged with several other regional banks over the next decade. During the 1980s and 1990s, the Joyo Bank opened up representative offices in major markets such as New YorkNew York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
(1987 – 2002), London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
(1982 – 2000), Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
(1994 – 1999), and Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
(est. 1996). Of these, only the Shanghai office remains open.