Long-Term Credit Bank of Japan [Stock] - NIHON CHOKISHINYOGINKO

Japanese: 日本長期信用銀行[株] - にほんちょうきしんようぎんこう

One of the long-term credit banks. Established in 1952 under the Long-Term Credit Bank Law, taking over the long-term financing business of the Japan Industrial Bank and the Hokkaido Takushoku Bank. In 1961, it became a private financial institution and provided long-term financing mainly through bond issuance. Initially, it focused on lending to four industries: electricity, steel, shipping, and coal. As the high economic growth got on track, it expanded its business to include accepting public bonds, yen loans to Southeast Asia, and lending to small and medium-sized enterprises. After the collapse of the bubble economy, bad loans increased and the management crisis became serious. Its stock price fell to below par value. In 1997, it entered into a comprehensive capital and business alliance with a Swiss bank and launched a management restructuring plan, including the development of investment banking operations, but was unable to gain the market's trust and requested government support. In October 1998, it was declared bankrupt under the Financial Reconstruction Law, becoming the first bank to be placed under special public management (temporarily nationalized). In September 1999, the Financial Reconstruction Commission decided to transfer the bank to the American investment company Ripplewood Holdings Group. It was the first major foreign bank in Japan. In June 2000, the bank changed its name to Shinsei Bank, and was relisted in February 2004. Shinsei Bank is headquartered in Tokyo, with capital of 512.2 billion yen in 2011 and ordinary profit of 465.8 billion yen in the fiscal year ending March 2011.
→ Related topics Shinsei Bank [Stock] | Bankrupt financial institutions | Bad loan disposal problem | Payoff

Source : Heibonsha Encyclopedia About MyPedia Information

Japanese:

長期信用銀行の一つ。1952年〈長期信用銀行法〉に基づき，日本勧業銀行・北海道拓殖銀行等の長期金融業務を引き継ぐ形で設立。1961年民間金融機関となり，債券発行を主な資金源として長期金融を行う。当初は，電力・鉄鋼・海運・石炭の４産業に集中的に融資。高度経済成長が軌道に乗ると公社債の受託，東南アジアへの円借款，中小企業への代理貸付等に業務を拡大。バブル経済崩壊後は不良債権が増大し，経営危機が深刻化。株価が額面を割るところまで下落した。1997年スイス銀行と包括的な資本・業務提携を結び，投資銀行業務を展開するなど経営再建策を打ち出したが，市場の信頼を得ることができず，政府の支援を要請，1998年10月金融再生法にもとづき破綻認定され，初の特別公的管理（一時国有化）銀行となった。1999年９月金融再生委員会によって，米投資会社のリップルウッド・ホールディングス・グループに譲渡が決定。大手では国内初の外資系銀行となる。2000年６月，行名を新生銀行とし，2004年２月再上場を果たした。新生銀行は本店東京，2011年資本金5122億円，2011年３月期経常利益4658億円。
→関連項目新生銀行［株］｜破綻金融機関｜不良債権処理問題｜ペイオフ

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