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

The Daiwa Bank, Limited
 PROFILE
Ranked among the largest Japanese commercial banks, Daiwa Bank makes loans to small businesses. It also manages trusts and pensions for large companies, deals in securities, and private banking. Daiwa closed its US operations in 1996 after US state and federal regulators charged Daiwa with fraud in its US offices. The bank pled guilty in court and was fined $343 million. A subsequent shareholder lawsuit saw Daiwa management fined $775 million. Daiwa has about 180 offices in Japan, China, Indonesia, Singapore, South Korea, Thailand, and the UK. Daiwa and Sumitomo Trust are starting an asset management joint venture called Japanese Trustee Services Bank; Daiwa is buying part of the failed Namihaya Bank, as well.

 COMPETITION
The Asahi Bank, Ltd. (dossier)
The Chuo Mitsui Trust and Banking Company, Limited (8408)
Mizuho Holdings, Inc. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 7,459.60
1-Yr. Sales Growth: 28.0%
Employees: 7,315
Revenue per employee: $1,019,767.60

 KEY PEOPLE
• Takashi Kaiho
    CEO

 CONTACT INFO
2-1, Bingomachi 2-chome, Chuo-ku
Osaka 540-8610, Japan
Phone: 81-6-6271-1221
Fax: 81-6-6268-1337
Online: Web Site

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