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 two Mizuho banks -- Mizuho Bank and Mizuho Corporate Bank -- were created through a reorganization of Fuji Bank, Dai-Ichi Kangyo Bank and the Industrial Bank of Japan.
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.
Fuji Bank, which had offices on the 79th to 82nd floors of the World Trade Center's south tower, was merged with Dai-Ichi Kangyo Bank and the Industrial Bank of Japan into Mizuho Bank and Mizuho Corporate Bank earlier this week.
One Brick at a Time." 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.
Toru Hashimoto, Chairman of the Fuji Bank in Japan, recalled the shock waves caused when, in 1991, an internal fraud totalling US$2 billion was exposed in his bank.
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.
The group pretax profit for the year ended March 31 compares with the 17.63 billion yen loss in fiscal 1999, when it wrote off 184.99 billion yen in bad loans, said Yasuda Trust, which has close ties with Fuji Bank under the Mizuho Financial Group.
225.26; The Fuji Bank. Limited, 75 Federal Reserve Bulletin 94 (1989); Bayerishe Vereinbank AG, 73 Federal Reserve Bulletin 155 (1987).
Yasuda President Hiroshi Hirano recently said the leading property and casualty insurance company will look at "how to relate functionally" with Dai-Ichi Kangyo Bank, the Industrial Bank of Japan and Fuji Bank.
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 financing consists of a US$16.5 million loan from the IDB's ordinary capital and a syndicated loan of US$33 million, co-arranged and underwritten by The Fuji Bank, Ltd.