The Bank of Iwate (岩手銀行 in Japanese) is a Japanese regional bank that is based out of Morioka city, the capital of Iwate prefecture in the Tohoku region. The Morioka branch building, the site of the old Morioka Bank, is an historic landmark in the prefecture. Recently, the bank has been made business expansions to Sendai and Hachinohe. However, unfavorable business conditions forced the bank to close a branch in Sapporo. The essential function of a bank is to provide services related to the storing of deposits and the extending of credit. ... Morioka (盛岡市; -shi) is the capital city of Iwate prefecture, Japan. ... Iwate Prefecture (岩手県; Iwate-ken) is located in the Tohoku region on Honshu island, Japan. ... Tohoku region, Japan Cast-iron teapots like this one sit atop stoves during the long winters in Tohoku. ... The term National landmark may refer to one of two programs of the United States government: National Historic Landmark National Natural Landmark Also see: Listed building (United Kingdom equivalent) This is a disambiguation page — a navigational aid which lists pages that might otherwise share the same title. ... See Sendai (disambiguation) for other places whose name is Sendai Sendai (仙台市; -shi) is the capital city of Miyagi Prefecture, Japan and the largest city in the Tohoku region. ... Hachinohe (八戸市; -shi) is a city located in Aomori, Japan. ... Sapporo scene Sapporo White Illumination Sapporo (札幌市; -shi) is the fifth-largest city in Japan and it is the capital of Hokkaido Prefecture. ...

Profile

As of March 31, 2005

Assets: Approximately 2.3 trillion yen (approximately USD 21 billion)

Employees: 1,596

Branches: 110 (95 in Iwate prefecture)

President: Katsumi Nagano

Member: Regional Banks Association of Japan

History

The bank was created from capital from Iwate prefecture in the wake of a 1932 banking crisis that affected other regional banks, including the Morioka Bank. Originally established as the Iwate Shokusan Bank, the bank changed its name to its current form in 1960. 1932 is a leap year starting on a Friday. ... 1960 was a leap year starting on Friday (link will take you to calendar). ...

During the bubble economy era of the late 1980s, the Bank of Iwate was known for its sound lending practices, and as a result, was relatively stable during the period following the collapse of the bubble. While the bank has dropped in its rankings in recent years, it is said to maintain high standards. The bank has recently diversified, offering insurance and securities services for customers. An economic bubble occurs when speculation in a commodity causes the price to increase, thus producing more speculation. ... // Events and trends The 1980s marked an abrupt shift towards more conservative lifestyles after the momentous cultural revolutions which took place in the 60s and 70s and the definition of the AIDS virus in 1981. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. ... Securities are tradeable interests representing financial value. ...

Financial Issues

The Bank of Iwate faces competition from national banks that are continuing to expand business services in Morioka, including the Bank of Tokyo-Mitsubishi, and the Sumitomo Mitsui Banking Corporation. One long-term issue that will face Japan's regional banks will be the level of competition from Japan Post, the Japanese postal system which is also the world’s largest savings institution, by assets, when it is privatized in 2017. The Bank of Tokyo-Mitsubishi, Ltd. ... Sumitomo Mitsui Banking Corporation (SMBC, Mitsui Sumitomo Ginko) is a Japanese bank based in Tokyo, Japan. ... Logo Japan Post (日本郵政公社, Nippon YÅ«sei Kōsha) is a dominant postal and package delivery company in Japan. ... 2017 is a common year starting on Sunday (see link for calendar). ...

External Links

• Bank of Iwate