Profile (As of March 31, 2010)

The Shinkumi Federation Bank (SFB) was established in 1954 as the central bank for Japan credit cooperatives (Shinkumi banks).
Since its foundation, as the central bank for Shinkumi banks, SFB provides members (Shinkumi banks) with liquidity, extensive investment, settlement, funds transfer and payment services (indirecting effect extended their members).

Name:
The Shinkumi Federation Bank (Zenshinkumiren)
Legal basis:
Law on Cooperatives of Small and Medium Enterprises
Date of establishment:
March 29, 1954
President and Chief Exective Officer:
Yoshiaki Koyama
Address (Head Office):
1-9-1,Kyobashi Chuo-ku Tokyo
104-8310 Japan
Paid-in capital:
\53,855 million (US$579 million:\93=US$1)
Total Assets:
\4,044,254 million (US$43,486 million)
Total Liabilities:
\3,885,510 million (US$41,779 million)
Deposits:
\3,727,572 million (US$40,081 million)
Total Shareholders’ Equity:
\158,744 million (US$1,706 million)
Capital adequacy ratio (BIS standard):
17.69%
Member:
159 Shinkumi banks (Japan credit cooperatives)

Outline of Shinkumi banks:

Shinkumi banks are not-for-profit cooperative financial institutions owned and managed by their members, and they offer various financial services (such as commercial banks) for their members.
Originally Shinkumi banks were founded for the purpose of mutual financial aid among their own communities. So membership of today isn’t open to the general public except for residents, workers, small and medium companies.
Generally, Shinkumi banks are divided into three groups sharing type of common bond in a membership, residents, type of business, and occupation (workplace).

At the end of March 2010, there were 159 Shinkumi banks through Japan, which had a total of 1,765 outlets, 3,727,481 members, total deposits of \16,733 billion (US$179 billion), and outstanding loans of \9,457 billion (US$101 billion).