Fuji Bank


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Fuji Bank

 

a Japanese commercial bank. The Fuji Bank was founded in 1880 as the privately owned Yasuda Bank and received its present name in 1948. With the Marubeni Corporation, which is a commercial firm, and Nippon Kokan, which manufactures metal and ships, the bank forms the financial nucleus of the Fuji monopolistic group. Through its affiliates and subsidiaries, the bank is involved in such areas as the exploitation of the ocean, petroleum extraction, aviation, and information services. The bank was one of the first in Japan to institute a payment system based on the use of credit cards.

The Fuji Bank serves a wide range of customers that includes huge corporations, small and medium-sized businesses, and private individuals. The bank has 219 branches in Japan, and it maintains one affiliate, five branches, and six agencies abroad; the bank is involved in the operations of 12 banks and six financial institutions in such financial centers as London, New York, and Paris. The Fuji Bank maintains correspondent relations with nearly all the major world banks, including the Bank for Foreign Trade of the USSR and the banks of other socialist countries.

The Fuji Bank has a capital of 66 billion yen ($230 million). The total balance of the bank as of September 1976 was 10.549 trillion yen ($36.7 billion), with deposits of 7.199 trillion yen ($25 billion), loans of 5.895 trillion yen ($20.5 billion), acceptances and guarantees of 1.241 trillion yen ($4.3 billion), and securities of 1.289 trillion yen ($4.5 billion).

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References in periodicals archive ?
Sugita played a pivotal role in bringing together Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan to form Mizuho Financial Group.
The bank, the product of a merger among Dai-Ichi Kangyo Bank (DKB), Fuji Bank and the Industrial Bank of Japan (IBJ), said the problems were continuing as of late Monday afternoon with no immediate recovery in sight.
The long- and short-term counterparty credit ratings on the three Mizuho Financial Group banks -- Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan -- were lowered to BBB from BBB-plus and A-3 from A-2.
William McDonough, president of the Federal Reserve Bank of New York, Shoji Noguchi, managing director and general manager of The Industrial Bank of Japan, and Kenichiro Tanaka, former president and CEO of The Fuji Bank and Trust Company, were honored at the event.
The governmental Development Bank of Japan (DBJ) and Fuji Bank said Wednesday they have extended 700 million yen in co-financing to failed Footwork Express Co.
A deal between the two banks would create an institution even larger than the planned merger involving Japanese giants Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan.
Industrial Bank of Japan (IBJ) said it was considering a possible alliance with two of the nation's other big banks, Fuji Bank Ltd and Dai-Ichi Kangyo Bank (DKB).
The Fuji Bank, Limited ("Fuji"), a bank holding company within the meaning of the Bank Holding Company Act ("BHC Act"), has requested the Board's approval under section 3 of the BHC Act (12 U.
Two additional banks, Dresdner Bank and Credit Local de France, have joined Fuji Bank to subscribe the syndicated loan; .
executives; governors of the seven SEUS/Japan member states; participation of the Japanese ambassador to the United States, the respective Japanese consuls general of Miami, Atlanta and New Orleans and senior executives from major Japanese commercial, industrial and financial firms such as: Mitsubishi, Nippon Steel, Nissan Motors Company, Sumitomo, Japan Air Lines, Matsushita Electric Company, Bank of Tokyo, Fuji Bank and All Nippon Airlines.
As of last September, Mizuho Financial, a holding company created in April 2002 through the merger of Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan, had a 10.
The building was formerly used for the Fuji Bank head office.