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95:. While TKB had a large base of individual and small business customers, Mitsui had a complementary base of larger institutional clients. The merger was aimed at leveraging these synergies, as well as providing stronger competition against European banks, which were expected to consolidate following a deregulation in 1992.
131:. The merger was approved in June 2000 and combined Sakura's strong retail operation and eastern Japan presence with Sumitomo's strong wholesale operation and western Japan presence. The merger created the world's third-largest banking group at the time, after
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during the 1990s and was the largest retail bank in Japan by several measures, including housing loan and investment trust sales.
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Sakura incurred massive bad loan write-offs in 1998 and approached one of its major corporate customers,
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was a
Japanese bank based in Tokyo and Kobe. It was formed in April 1990 as the
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244:"Sakura Bank Opens An Internet-only Bank in Japan and Plans To Back Another"
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Former Sakura Bank headquarters in Kudan, Tokyo (now the headquarters of
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79:(founded 1973). The Sakura Bank name was adopted in April 1992.
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The TKB-Mitsui merger, agreed in 1989 during the height of the
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193:"STRATEGIC INTENT AND SUMITOMO MITSUI BANKING CORPORATION"
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to establish a second online banking operation in Japan.
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146:"MITKJPJT," derived from the "Mitsui Taiyo Kobe" name.
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Sakura became a major corporate and retail bank in the
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Companies formerly listed on the London Stock
Exchange
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Companies formerly listed on the Tokyo Stock
Exchange
218:"Toyota Rules Out Bailout Of Troubled Affiliate Bank"
164:"2 Japanese Banks Merging In Preparation for New Era"
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270:"Japan Banks to Merge, With Wider Effects"
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135:and the pending merger that would form
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527:This Asian bank-related article is a
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198:. Sumitomo Mitsui Banking Corporation
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129:Sumitomo Mitsui Banking Corporation
531:. You can help Knowledge (XXG) by
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423:Daiwa Securities Capital Markets
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127:on April 1, 2001, forming the
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438:SMBC Nikko Securities
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142:Sakura Bank used the
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395:Penske Truck Leasing
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123:Sakura merged with
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224:. 19 December 1998
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276:. 15 October 1999
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125:The Sumitomo Bank
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170:. 30 August 1989
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278:. Retrieved
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172:. Retrieved
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62:Sakura GinkΕ
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428:Sakura Bank
137:Mizuho Bank
73:Mitsui Bank
43:Aozora Bank
18:Sakura Bank
572:Categories
150:References
144:SWIFT code
484:Related
280:7 April
254:7 April
228:7 April
202:7 April
174:7 April
83:History
608:Mitsui
323:Mitsui
107:Toyota
467:(15%)
397:(30%)
378:Amlin
339:(40%)
196:(PDF)
56:γγγιθ‘
529:stub
282:2015
256:2015
230:2015
204:2015
176:2015
118:Sony
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
