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Some of the larger banks had or have opened offices in nearby countries such as China, the US, or the UK., but the number of these has declined since the 1990s. Examples of them include: Bank of Yokohama - the largest regional bank in Japan and the core arm of Concordia Financial Group. Hachijuni Bank in Nagano City. Bank of Kyoto in Kyoto.
In 1990, the five largest banks in the world, measured by total assets, were Japanese banks. These banks opened branches abroad, acquired existing foreign banks, and became engaged in new activities, such as underwriting Euro-yen bond issues.
Upon its founding, Mizuho was the largest bank in the world by assets. [4] Following further consolidation, it has become the third-largest of Japan's so-called megabanks with total assets of $1.9 trillion at end-March 2023, behind Mitsubishi UFJ Financial Group ($2.9 trillion) and SMBC Group ($2.0 trillion). [5]
Mitsubishi Bank and the Bank of Tokyo merged in 1996 to form the Bank of Tokyo-Mitsubishi, which at that point was the world's largest bank in terms of total assets. [10] The Bank of Tokyo had historically focused on foreign exchange business since its foundation as the Yokohama Specie Bank in 1880, while Mitsubishi Bank had had a stronger focus on domestic corporate and retail banking.
Chiba Bank is the third-largest of Japan's 64 regional banking groups in terms of total assets. As of March 2008, it had total assets of ¥9.8 trillion and a loan portfolio topping ¥6.6 trillion, which also made it one of the world's 200 largest banks. The bank is one of the few banks that discloses net interest margins (NIM) on their lending. [7]
In 2012, the company was acquired by the Japanese consortium of Sumitomo Mitsui Banking Corporation (SMBC), Sumitomo Mitsui Finance and Leasing Company Limited (SMFL) and Sumitomo Corporation for US$7.3 billion which was the largest ever global sale of an aircraft leasing business. The sale completed on 1 June 2012 and the business was renamed ...
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The three main trust banks under this holding company merged in April 2012 to form Sumitomo Mitsui Trust Bank, Ltd. [8] SMTB became the largest trust bank in Japan and the fifth-largest commercial bank overall measured by assets.