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Home > Company Index > Banking > Banking - Asia & Australia > The Norinchukin Bank

The Norinchukin Bank
 PROFILE
The Norinchukin Bank is one of the largest institutional lenders in Japan, specializing in loans to Japanese agricultural, fishery, and forestry cooperatives. Norinchukin acts as a de facto central bank for 1,300 farm banks nationwide. Most of the bank's deposits come from agricultural and fishery cooperatives. Through foreign offices in Beijing, London, New York, and Singapore the bank also serves large institutions such as central banks and foreign governments. Formed in 1923 as a quasi-governmental institution, Norinchukin is now private but retains close ties to the government. The bank controls Norinchukin Asset Management, which provides 401(k)-style pension plans.

 COMPETITION
Aozora Bank, Ltd. (dossier)
Shinsei Bank (dossier)
Sumitomo Mitsui Banking Corporation (SUBJY)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
1999 Sales (mil.): 15,862.80
1-Yr. Sales Growth: 8.8%
Employees: 2,858
Revenue per employee: $5,550,314.91

 KEY PEOPLE
• Hirofumi Ueno
    CEO
• Yasuo Okada
    CFO

 CONTACT INFO
13-2, Yurakucho 1-chome, Chiyoda-ku
Tokyo 100-8420, Japan
Phone: 81-3-3279-0111
Fax: 81-3-3218-5177
Online: Web Site

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