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

The Asahi Bank, Ltd.
 PROFILE
The Asahi Bank is a retail bank with more than 350 branches, sub-branches, and agencies in Japan. The bank's services include small- and medium-size business loans, mortgages, and individual savings accounts. Asahi Bank has about 20 overseas offices in Asia, Europe, and the Americas but is selling them to the Bank of Tokyo-Mitsubishi (now the Mitsubishi Tokyo Financial Group) in order to focus on the domestic market. Asahi Bank also owns subsidiaries active in software engineering, real estate, trust banking, office leasing, and building management. Asahi Bank has launched house@Asahi, an Internet portal for housing loans. The bank had planned to merge with United Financial of Japan but backed out of the deal.

 COMPETITION
The Daiwa Bank, Limited (dossier)
Sumitomo Mitsui Banking Corporation (SUBJY)
United Financial of Japan (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 11,001.60
1-Yr. Sales Growth: 32.7%
Employees: 12,148
Revenue per employee: $905,630.56

 KEY PEOPLE
• Tatsuro Itoh
    CEO
• Yukio Yanase
    CFO

 CONTACT INFO
1-2, Otemachi 1-chome, Chiyoda-ku
Tokyo 100-8016, Japan
Phone: 81-3-5223-5274
Fax: 81-3-3213-6424
Online: Web Site

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