Mizuho Bank
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Parent Mizuho Financial Group | | |
Subsidiaries | Mizuho Americas | |
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Website | www.mizuhobank.com |
Mizuho Bank, Ltd. (株式会社みずほ銀行,
Mizuho Bank has over 505 branches and offices in Japan and in 38 other countries, and is the only bank to have branches in every prefecture in Japan.
The name "Mizuho" is an archaic Japanese term meaning "golden ears of rice," and was used in the classical text Nihon Shoki to describe Japan.
History
Announced in 1999, Mizuho Financial Group was established on April 1, 2002 by the merger of Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan. All three predecessors were major financial institutions in their own right and had served as cornerstones of major zaibatsu (prewar era) and keiretsu (postwar era).[4] In April 2002, Mizuho Corporate Bank and Mizuho Bank were established as two core banking subsidiaries of Mizuho Financial Group[5] through a split and merger process reorganizing the three legacy banks.[6] It was the first financial holding company structure created among major Japanese banks.[7] Mizuho Corporate Bank focused on large corporations, financial institutions and public sector entities in Japan and overseas.[8] Mizuho Bank focused on individuals and small and medium-sized companies in Japan.[9]
Mizuho Corporate Bank engaged in steady expansion overseas, opening twenty overseas offices between 2005 and 2010,[10] particularly in China, as well as in the Americas, Europe and Middle East. In 2006, Mizuho Corporate Bank became the first Japanese bank to obtain financial holding company status in the U.S.,[11] and Mizuho Financial Group listed its ADRs on the New York Stock Exchange.[12]
The two banks were initially consolidated under a holding company, Mizuho Holdings. On October 1, 2005 they were transferred to a new holding vehicle, Mizuho Financial Group.[4] On July 1, 2013, a merger between the former Mizuho Bank and the former Mizuho Corporate Bank took place, and the institution was named Mizuho Bank.[13]
Services
Mizuho services include current accounts, domestic and international cash cards, international money transfers, credit cards, saving accounts, loans, and Internet banking.[14]
See also
References
- ^ "Leadership Members of the Board of Directors". mizuhogroup.com. Retrieved January 8, 2024.
- ^ a b "Financial Statements | Mizuho Financial Group".
- ^ "Who We Are | Mizuho Bank".
- ^ ISBN 9788131730942. Retrieved June 1, 2018 – via Google Books.
- ISBN 9780199688500. Retrieved June 1, 2018 – via Google Books.
- ^ "Japan's Mizuho Bank on verge of replacing crash-prone system- Nikkei Asian Review". Archived from the original on July 26, 2017. Retrieved June 1, 2018.
- ^ Peter Hoflich (2008). Asia's Banking CEOs: The Future of Finance in Asia. Wiley. p. 14.
- ISBN 9789971692759. Retrieved June 1, 2018 – via Google Books.
- ISBN 9780230590465. Retrieved June 1, 2018 – via Google Books.
- ^ "News Release(Former Mizuho Corporate Bank)". Mizuhobank.com. Retrieved June 1, 2018.
- ^ "Financial Holding Company status obtained in the U.S." (PDF). Mizuhobank.com. Retrieved June 1, 2018.
- ^ "Mizuho Financial Group English website address has been changed" (PDF). Mizuho-fg.co.jp. Retrieved June 1, 2018.
- ^ Inc., Mizuho Financial Group. "Mizuho Financial Group English website address has been changed". Mizuho-fg.co.jp. Retrieved June 1, 2018.
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has generic name (help) - ^ "Mizuho Bank, Ltd.: Private Company Information - Bloomberg". Bloomberg.com. Retrieved June 1, 2018.
External links
- Mizuho Bank
- (in Japanese) Mizuho Bank
- Mizuho Financial Group