Chiba Bank

The Chiba Bank, Ltd. (株式会社千葉銀行, Kabushiki-gaisha Chiba Ginkō) (TYO: 8331) is the biggest bank in Chiba Prefecture, Japan. Listed on the Nikkei 225, it has branches in Osaka, New York City, London, and Hong Kong. Assets — $106.1 billion (2015).[1]

Chiba Bank
IndustryFinancial services
FoundedChiba, Japan
(1943 (1943))
Headquarters
Chiba
,
Japan
Area served
Japan
Key people
Hidetoshi Sakuma
(President)
ProductsRetail, corporate, investment and private banking
Total assets¥14,611.9 billion (2017)
OwnerNippon Life (3.52%)
Dai-ichi Life (3.44%)
Oriental Land Company (0.11%)
Keisei Electric Railway (0.06%)
Number of employees
4,394
Websitewww.chibabank.co.jp

History

Chiba bank was established in March 1943.[2]

In June 1998, Standard & Poor's downgraded Chiba Bank' s credit rating from A-minus to BBB-plus because of negative long-term ratings.[3]

In October 2008, Chiba Bank, jointly with The Daishi Bank and Hokkoku Bank, hired IBM to build a Call Center System common for the three banks.[4] In July 2010, Chiba Bank joined the United Nations Environment Programme Finance Initiative (UNEP FI).[5]

In October 2014, Chiba Bank is the first Japanese regional bank to sell dollar bonds, issuing $300 million of notes in US dollar that month.[6]

Description

The bank is headquartered in Chiba Prefecture, which lies adjacent to Japan's capital Tokyo on Tokyo Bay and has one of the most important industrial concentrations anywhere in Japan. The bank's strategy is to expand its branch network into adjacent prefectures along Tokyo-bound commuter rail lines. It is also putting an emphasis on developing southern Chiba Prefecture as a tourist and resort area, particularly around the city of Kamogawa.

Chiba Bank has a 36.6% market share of lending and a 23.0% share of all deposits in the prefecture. Of the bank's network of 173 branches, 154 are within Chiba Prefecture. Chiba Bank is the third-largest of Japan's 64 regional banking groups in terms of total assets. As of March 2008, it had total assets of ¥9.8 trillion and a loan portfolio topping ¥6.6 trillion, which also made it one of the world's 200 largest banks. The bank is one of the few banks that discloses net interest margins (NIM) on their lending.[7]

References
  1. "The World's Largest Public Companies". Forbes.
  2. "Company overview". Chibabank.co.jp. 3 September 2018. Retrieved 21 February 2019.
  3. "In Brief: S&P Cuts Credit Rating on Chiba Bank". Americanbanker.com. 12 June 1998. Retrieved 21 February 2019.
  4. "IBM Signs Contract with Chiba Bank, Daishi Bank and Hokkoku Bank". Pac-online.com. 6 October 2008. Retrieved 21 February 2019.
  5. "A blossom relationship - Chiba Bank joins Unep Fi". Unepfi.org. 14 July 2010. Retrieved 21 February 2019.
  6. "Nomura sees Chiba Bank blazing bond trail for regionals". Japantimes.co.jp. 31 October 2014. Retrieved 21 February 2019.
  7. Tahara-Stubbs, Mia (4 February 2015). "Mortgages: the next threat for Japanese banks?". CNBC. Retrieved 9 September 2015.


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