is a Japanese regional
bank headquartered in
Toyama, Toyama; ''
Hokoriku'' refers to a greater region in Japan that encompasses
Fukui
is a Japanese name meaning "fortunate" or sometimes "one who is from the Fukui prefecture". It may refer to:
Places
* Fukui Domain, a part of the Japanese han system during the Edo period
* Fukui Prefecture, a prefecture of Japan located in ...
,
Ishikawa, and
Toyoma prefectures. In addition to the Hokuriku region, the bank has branches in
Kyoto,
Osaka,
Niigata,
Nagano,
Tokyo,
Kanagawa,
Gifu
is a city located in the south-central portion of Gifu Prefecture, Japan, and serves as the prefectural capital. The city has played an important role in Japan's history because of its location in the middle of the country. During the Sengoku ...
,
Aichi, and
Hokkaidō
is Japan's second largest island and comprises the largest and northernmost prefecture, making up its own region. The Tsugaru Strait separates Hokkaidō from Honshu; the two islands are connected by the undersea railway Seikan Tunnel.
The la ...
. The bank also operates overseas representative offices in
Shanghai,
Singapore, and
New York City.
The Hokuriku Bank is a subsidiary of the
Hokuhoku Financial Group.
History
Hokuriku Bank was established in 1877 in Toyama. In 2003 the Hokuriku Bank altered its management structure to a
holding company, creating the ''Hokugin Holding Company''. On September 1, 2004 Hokoriku merged with
Hokkaido Bank, and Hokugin Holding Company was renamed ''Hokuhoku Financial Group.'' Taken as a single entity, the holding company is the second largest regional bank in Japan in terms of assets, behind
Yokohama Bank
is the second-largest city in Japan by population and the most populous municipality of Japan. It is the capital city and the most populous city in Kanagawa Prefecture, with a 2020 population of 3.8 million. It lies on Tokyo Bay, south of T ...
.
Financial Issues
As is the case with many banks in
Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...
, Hokuriku Bank is dealing with
non-performing loans. A
Nihon Keizai Shimbun
''The Nikkei'', also known as , is the flagship publication of Nikkei, Inc. (based in Tokyo) and the world's largest financial newspaper, with a daily circulation exceeding 1.73 million copies. The Nikkei 225, a stock market index for the Tok ...
article quoted President Takagi as saying that the bank had planned to lower its non-performing loan ration to below 5% from the current ratio of 7.7% by March, 2007 - a year earlier than a previously mentioned target date. Issues that are not completely resolved include the fate of Hokuriku Bank’s branches in Hokkaidō, and the consolidation of management with Hokkaido Bank.
External links
Hokuriku BankHokuhoku Financial GroupHokkaido Bank* Wiki collection of bibliographic works on Hokuriku Bank
Banks established in 1877
Japanese companies established in 1877
Companies based in Toyama Prefecture
Regional banks of Japan
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