Japan Post Bank
Current provider of postal banking in Japan / From Wikipedia, the free encyclopedia
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Japan Post Bank Co., Ltd. (株式会社ゆうちょ銀行, Kabushiki gaisha Yūcho Ginkō) is a Japanese bank headquartered in Tokyo. It is a corporation held by Japan Post Holdings, in which the government of Japan has a majority stake.
Company type | Subsidiary |
---|---|
TYO: 7182 | |
Industry | Banking |
Founded | 1 September 2006 |
Headquarters | , |
Key people | Norito Ikeda [jp] (President and Representative Executive Officer), Susumu Tanaka [jp] (Representative Executive Vice President)[1] |
Revenue | ¥1.85 trillion (2019)[2] |
¥266 billion (2019)[2] | |
AUM | ¥229.6 trillion (2022) (US$1.75 trillion)[3] |
Total assets | ¥205 trillion (2019)[2] |
Number of employees | 12,800 (2019)[2] |
Parent | Japan Post Holdings (88.99%) |
Website | www.jp-bank.japanpost.jp |
It is a major financial institution that started in 1875 as a postal savings system, and that still today continues to operate primarily out of post office branches. It manages over ¥205 trillion of assets and offers services in almost 24,000 branches across Japan.[2] At times in its history, it was the largest financial institution in the world.[4] Since its conception, it has played a significant role in both making economic services to people in Japan and making investments towards the economic and industrial development of the country.[4]
Throughout the vast majority of its history, Japan Post Bank had always been fully government owned and organizationally a part of the postal system. In 2007, a bill was passed to begin the privatization of Japan Post Bank and to create separate companies to handle the distinct responsibilities of Japan Post.[5] The government's sale of its shares in Japan Post Bank and its holding company are still ongoing.[6]