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Home > Company Index > Banking > Banking - Asia & Australia > Aozora Bank, Ltd.

Aozora Bank, Ltd.
 NEWS FROM THE STANDARD
President of Japan's NCB Kills Self
Sep 21 2000 06:05 AM PDT

Softbank Doubles Down
Aug 28 2000 12:00 AM PDT

Softbank Sinks Deeper in the Tank
Aug 14 2000 12:00 AM PDT

 PROFILE
Aozora Bank (formerly Nippon Credit Bank) was the second Japanese credit bank nationalized in the wake of Asia's financial crisis. The Long-Term Credit Bank of Japan (now Shinsei Bank) fell first and was sold by the government to a US investor group. Bad loans and Japan's "Big Bang" financial deregulation added to the bank's troubles. Traditionally a lender to small and midsized businesses, before the takeover it had started closing overseas branches and expanding its financial services. A consortium led by Japan's SOFTBANK took over Aozora Bank after finally reaching an agreement with the government.

 COMPETITION
The Dai-Ichi Kangyo Bank, Limited (dossier)
Fuji Bank, Limited (dossier)
Industrial Bank of Japan, Limited (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 33,688.20
1-Yr. Sales Growth: 954.3%
Employees: 1,582
Revenue per employee: $21,294,690.27

 KEY PEOPLE
• Hiroshi Maruyama
    CEO

 CONTACT INFO
13-10 Kudan-kita 1-chome, Chiyoda-ku
Tokyo 102-8660, Japan
Phone: 81-3-3263-1111
Fax: 81-3-3239-8065
Online: Web Site

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