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Home > Company Index > Banking > Banking - Asia & Australia > The Bank of Yokohama, Ltd.

The Bank of Yokohama, Ltd.
 PROFILE
The Bank of Yokohama is becoming an introvert. As the Japanese financial industry deregulates, the regional bank is eliminating bad debt and closing many of its overseas operations to refocus on the domestic retail market, with some 190 branches in Japan following consolidation of its sales network. It is expanding its small and medium-sized commercial lending business and also offers online banking. The company's sole remaining foreign subsidiary has been converted to a securities concern. The bank and partner Yasuda Fire and Marine Insurance are setting up a factoring business.

 COMPETITION
Mizuho Holdings, Inc. (dossier)
Sumitomo Mitsui Banking Corporation (SUBJY)
United Financial of Japan (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
1999 Sales (mil.): 3,243.40
1-Yr. Sales Growth: (11.4)%
Employees: 5,672
Revenue per employee: $571,826.52

 KEY PEOPLE
• Sadaaki Hirasawa
    CEO
• Hiroshi Matsuzaki
    CFO

 CONTACT INFO
1-1, Minatomirai 3-chome, Nishi-ku
Yokohama 220-8611, Japan
Phone: 81-45-225-1111
Fax: 81-45-225-1160
Online: Web Site

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