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Home > Company Index > Banking > Banking - Asia & Australia > Shinsei Bank

Shinsei Bank
 PROFILE
Shinsei Bank hopes to be born again. Formerly Long-Term Credit Bank of Japan, Shinsei (which is Japanese for "new birth)" is one of the top three credit banks in Japan (after Industrial Bank of Japan and Aozora Bank). Shinsei traditionally focused on financing Japan's large industrial firms but has become interested in cultivating its retail business. As Japan's economy worsened, the government nationalized it in 1998, then sold it to an international group led by US-based Ripplewood Holdings in 2000; Shinsei is the first major Japanese bank to come under foreign control. The group plans to take over the failed Tokyo Sowa Bank in order to expand its branch network.

 COMPETITION
Aozora Bank, Ltd. (dossier)
Industrial Bank of Japan, Limited (dossier)
Mitsubishi Tokyo Financial Group, Inc. (MTF)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 18,719.00
1-Yr. Sales Growth: (39.1)%
Employees: 2,178
Revenue per employee: $8,594,582.19

 KEY PEOPLE
• Masamoto Yashiro
    CEO
• David M. Fite
    CFO

 CONTACT INFO
1-8, Uchisaiwaicho 2-chome, Chiyoda-ku
Tokyo 100-8501, Japan
Phone: 81-3-5511-5111
Fax: 81-3-5511-5505
Online: Web Site

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