Rakuten Bank, Ltd. (Japanese: Rakuten Kabushikigaisha Co., Ltd. らくてんぎんこうかぶしきがいしゃ Rakuten Ginko Kabushikigaisha) Is A Pure Online Bank In Japan And A Wholly-owned Subsidiary Of ** Rakuten Card Co., Ltd. **. As Of December 20, 2018, Rakuten Bank Was The Largest Pure Online Bank By Market Share, With Approximately 7 Million Accounts Opened.

Affected By The Subprime Mortgage Crisis, The Junior Mortgage Held By EBANK Caused Its Book Loss To 23.40 Billion 3 Million Yen At The End Of The 2007 Fiscal Year. Need To Seek Capital Increase. Rakuten Then Entered Into A Capital And Business Support Agreement With EBANK, And EBANK Immediately Amended The Articles Of Association And Issued 666,000 Preference Shares With A Total Price Of About 20 Billion Yen For Rakuten To Subscribe For Delivery In September 2008. Since Then, EBANK Has Been Under The Ownership Of EBANK And Has Been Leading The Operation.

EBANK Changed Its Name To Rakuten Bank In June 2009 And Officially Joined The Rakuten Group Under The Umbrella. Later, Rakuten Made A Public Offer Of Shares (TOB), Purchasing 508,092 Shares, A Total Of 91.93%, At A Price Of 16.5 Billion 55 Million Yen.

Rakuten Implemented An Organizational Reorganization In 2018, And Rakuten Bank Was Restructured And Affiliated To Rakuten Card Co., Ltd.

In 2019, Rakuten Bank And Rakuten Card Co., Ltd. Joined Forces With Taiwan-based KGI Financial Holdings To Establish A Taiwanese Version Of Rakuten International Commercial Bank, Which Was Licensed By The Financial Supervisory Commission. The Head Office Of Rakuten Bank Relocated From Rakuten Crimson House In Setagaya-ku, Tokyo To NBF Shinagawa Tower In Minato-ku On July 6, 2020.

History

Rakuten Bank, Formerly Known As EBANK (Japanese : イーバンク Corporation イーバンクぎんこうかぶしきがいしゃ Ī Ginko Kabushikigaisha), Was Established On January 14, 2000 And Is The Second Online-only Bank To Operate In Japan. Before The Business Was Officially Launched In 2001, It Was Temporarily Named "Japan Electronic Settlement Planning Co., Ltd." (Japanese: Japan Settlement Planning Co., Ltd.). At That Time, The Main Shareholders Were Itochu Corporation, Mitsui Sumitomo Insurance, Daiwa Life Insurance, DAITEC, CRESCO And Yahoo Japan.