Mizuho Bank (Japanese: Mizuho みずほぎんこう Mizuho Ginkovo */?) Is One Of Japan's Commercial Banks (Metropolitan Bank). It Is A Member Of The Mizuho Financial Group And One Of The Three Largest Banks In Japan. Mizuho Bank Is The Only One Of The Three Largest Banks In Japan With Branches In 47 Prefectures.
Introduction
Mizuho Bank Is Mainly Engaged In The Banking Business Of Individuals, Small And Medium-sized Enterprises And Local Governments. The Large Enterprises, Financial Institution Group And Overseas Business Were Formerly Handled By The Mizuho Industrial Bank (みずほコーポレート Bank) Under The Same Group, But The Two Were Merged On July 1, 2013.
Founded
Mizuho Bank Was Born In 2002. It Was Formed By The Division And Merger Of Mizuho Financial Group's Daiichi Quanye Bank, Fuji Bank, And Industrial Bank Of Japan. In Legal Formalities, Daiichi Quanye Bank Was The Main Body Of The Enterprise. The Headquarters Was Located At The Old Daiichi Quanye Bank Headquarters In Uchiyuki-cho, Chiyoda-ku, Tokyo. The Bank Name Was Taken From Mizuho's Hiragana Name "Mizuho" (Mizuho).
Repayment Of Public Funds
In 2005, Mizuho Bank Dealt With Many Bad Debts Left Over From The 1990s Through Several Years Of Efforts, And Finally Returned Nearly 280 Billion Yen Of Public Funds To The Government Finance Department. For A While, Mizuho's Credit Was In A Hurry. At The Same Time, On July 4, 2006, Mitsubishi UFJ Financial Group Also Repaid All Their Government Bailouts.
On November 8, 2006, The Head Office Mizuho Financial Group Was Listed On The New York Stock Exchange, Which Was Also The First Time That A Japanese Bank Was Listed On The New York Stock Exchange Since The Collapse Of The Bubble Economy.
Corporate Operations
Mizuho Bank's Main Customers Are Relatively Wealthy Classes, Providing Them With Corresponding Private Wealth Management Services, Especially Its Mizuho Personal Wealth Management Company (officially Established On October 1, 2005), Which Specializes In Serving Customers With Personal Assets Exceeding 500 Million Yen.
History
- September 29, 2000 - Daiichi Quanye Bank, Fuji Bank, And Industrial Bank Of Japan Established Mizuho's Shareholding (みずほホールディングス), Through Stock Transfer And Incorporated The Three Banks As Subsidiaries.
- April 1, 2002 - Daiichi Quanye Bank Merged The Personal Finance Businesses Of Fuji Bank And Industrial Bank Of Japan And Changed Its Name To Mizuho Bank Co., Ltd. Among Them, The Personal Finance Business Of Industrial Bank Of Japan Was Transferred To Mizuho United Reserve Bank () Established On January 8, 2002, And Then Merged With Mizuho Bank On The Same Day; Industrial Bank Of Japan Itself Merged Fuji Bank And Changed Its Name To Mizuho Industrial Bank.
- July 1, 2013 - Mizuho Industrial Bank Absorbed And Merged With Mizuho Bank, But Maintained The Company Name Of Mizuho Bank.
