Hokuriku Bank
Encyclopedia
is a Japanese bank
headquartered in Toyama, Toyama
; Hokoriku
refers to a greater region in Japan that encompasses Fukui
, Ishikawa
, and Toyoma
prefectures. In addition to the Hokuriku region, the bank has branches in Kyoto
, Osaka
, Niigata
, Nagano
, Tokyo
, Kanagawa
, Gifu
, Aichi
, and Hokkaidō
. The bank also operates overseas representative offices in Shanghai
, Singapore
, and New York City
.
The Hokuriku Bank is a subsidiary of the Hokuhoku Financial Group.
, creating the Hokugin Holding Company. On September 1, 2004 Hokoriku merged with Hokkaido Bank
, and Hokugin Holding Company was renamed Hokuhoku Financial Group. Taken as a single entity, the holding company is the second largest regional bank in Japan in terms of assets, behind Yokohama Bank.
, Hokuriku Bank is dealing with non-performing loans. A Nihon Keizai Shimbun
article quoted President Takagi as saying that the bank had planned to lower its non-performing loan ration to below 5% from the current ratio of 7.7% by March, 2007 - a year earlier than a previously mentioned target date. Issues that are not completely resolved include the fate of Hokuriku Bank’s branches in Hokkaidō, and the consolidation of management with Hokkaido Bank.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
headquartered in Toyama, Toyama
Toyama, Toyama
is the capital city of Toyama Prefecture, Japan, located on the coast of the Sea of Japan in the Chūbu region on central Honshū, about 200 km north of the city of Nagoya and 300 km northwest of Tokyo....
; Hokoriku
Hokuriku region
The is located in the northwestern part of Honshū, the main island of Japan. It lies along the Sea of Japan within the Chūbu region. It is almost equivalent to Koshi Province and Hokurikudō area in pre-modern Japan....
refers to a greater region in Japan that encompasses Fukui
Fukui Prefecture
is a prefecture of Japan located in the Chūbu region on Honshū island. The capital is the city of Fukui.- Prehistory :The Kitadani Dinosaur Quarry, on the Sugiyama River within the city limits of Katsuyama, has yielded the Fukuiraptor kitadaniensis and Fukuisaurus tetoriensis as well as an unnamed...
, Ishikawa
Ishikawa Prefecture
is a prefecture of Japan located in the Chūbu region on Honshū island. The capital is Kanazawa.- History :Ishikawa was formed from the merger of Kaga Province and the smaller Noto Province.- Geography :Ishikawa is on the Sea of Japan coast...
, and Toyoma
Toyama Prefecture
is a prefecture of Japan located in the Hokuriku region on Honshū island. The capital is the city of Toyama.Toyama is the leading industrial prefecture on the Japan Sea coast, and has the industrial advantage of cheap electricity due to abundant water resources....
prefectures. In addition to the Hokuriku region, the bank has branches in Kyoto
Kyoto Prefecture
is a prefecture of Japan located in the Kansai region of the island of Honshu. The capital is the city of Kyoto.- History :Until the Meiji Restoration, the area of Kyoto prefecture was known as Yamashiro....
, Osaka
Osaka Prefecture
is a prefecture located in the Kansai region on Honshū, the main island of Japan. The capital is the city of Osaka. It is the center of Osaka-Kobe-Kyoto area.- History :...
, Niigata
Niigata Prefecture
is a prefecture of Japan located on the island of Honshū on the coast of the Sea of Japan. The capital is the city of Niigata. The name "Niigata" literally means "new lagoon".- History :...
, Nagano
Nagano Prefecture
is a prefecture of Japan located in the Chūbu region of the island of Honshū. The capital is the city of Nagano.- History :Nagano was formerly known as the province of Shinano...
, 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...
, Kanagawa
Kanagawa Prefecture
is a prefecture located in the southern Kantō region of Japan. The capital is Yokohama. Kanagawa is part of the Greater Tokyo Area.-History:The prefecture has some archaeological sites going back to the Jōmon period...
, Gifu
Gifu Prefecture
is a prefecture located in the Chūbu region of central Japan. Its capital is the city of Gifu.Located in the center of Japan, it has long played an important part as the crossroads of Japan, connecting the east to the west through such routes as the Nakasendō...
, Aichi
Aichi Prefecture
is a prefecture of Japan located in the Chūbu region. The region of Aichi is also known as the Tōkai region. The capital is Nagoya. It is the focus of the Chūkyō Metropolitan Area.- History :...
, and Hokkaidō
Hokkaido
, formerly known as Ezo, Yezo, Yeso, or Yesso, is Japan's second largest island; it is also the largest and northernmost of Japan's 47 prefectural-level subdivisions. The Tsugaru Strait separates Hokkaido from Honshu, although the two islands are connected by the underwater railway Seikan Tunnel...
. The bank also operates overseas representative offices 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...
, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, and New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
.
The Hokuriku Bank is a subsidiary of the Hokuhoku Financial Group.
Profile
As of March 31, 2004:- Assets: Approximately ¥5.6 trillion (approximately $51 billion)
- Employees: 2926
- Branches: 185 (Domestic, includes branches and sub-branches)
- President: Shigeo Takagi
- Member: Regional Banks Association of Japan
History
Hokuriku Bank was established in 1877 in Toyama. In 2003 the Hokuriku Bank altered its management structure to a holding companyHolding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
, creating the Hokugin Holding Company. On September 1, 2004 Hokoriku merged with Hokkaido Bank
Hokkaido Bank
Hokkaido Bank is a Japanese bank that is headquartered in Sapporo, Hokkaidō. The Hokkaido Bank is a subsidiary of the Hokuhoku Financial Group as a result of a merger with the Hokuriku Bank on September 1, 2004...
, and Hokugin Holding Company was renamed Hokuhoku Financial Group. Taken as a single entity, the holding company is the second largest regional bank in Japan in terms of assets, behind Yokohama Bank.
Financial Issues
As is the case with many banks in JapanJapan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
, Hokuriku Bank is dealing with non-performing loans. A Nihon Keizai Shimbun
Nihon Keizai Shimbun
is one of the largest media corporations in Japan. Nikkei specializes in publishing financial, business and industry news. Its main news publications include:* Nihon Keizai Shimbun , a leading economic newspaper....
article quoted President Takagi as saying that the bank had planned to lower its non-performing loan ration to below 5% from the current ratio of 7.7% by March, 2007 - a year earlier than a previously mentioned target date. Issues that are not completely resolved include the fate of Hokuriku Bank’s branches in Hokkaidō, and the consolidation of management with Hokkaido Bank.