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Home > Company Index > Banking > Banking - Asia & Australia > The Tokai Bank, Limited

The Tokai Bank, Limited
 NEWS FROM THE STANDARD
Markets Beg Florida for Mercy
Dec 11 2000 12:00 AM PST

 PROFILE
The Tokai Bank, the main bank for Toyota, is feeling the force of a double-punch thrown by increased competition created in Japan's "Big Bang" financial industry deregulation and by losses from bad loans. Tokai provides commercial and retail services in Nagoya and the surrounding region of Chubu. The bank provides loans for agriculture, construction, real estate, and local governments, as well as overseas loans to other financial institutions. In addition to about 265 domestic branches, Tokai has operations in Asia, Australia, Europe, the Middle East, and North and South America. Tokai plans to merge with Sanwa Bank and Toyo Trust to form United Financial Japan.

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 15,602.40
1-Yr. Sales Growth: 38.4%
Employees: 9,675
Revenue per employee: $1,612,651.16

 KEY PEOPLE
• Hideo Ogasawara
    CEO

 CONTACT INFO
21-24, Nishiki 3-chome, Naka-ku
Nagoya 460-8660, Japan
Phone: 81-52-211-1111
Fax: 81-3-3245-1487
Online: Web Site

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