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Shoko Chukin Bank (商工中金) was established on 1936. It’s objective is to conduct businesses necessary to facilitate financing for SME cooperatives, other organizations that primarily consist of SMEs and their members, while ensuring the Bank’s autonomy in management toward its goal of complete privatization. A large portion of the government’s contribution will be shifted to a special reserve as it is beneficial for the Bank to secure its financial soundness with abundant capital.

The Bank will steadily address its operations based on its first medium-term business plan as it works to achieve its mission of supporting the sustainable growth of SMEs and raising their corporate value. In addition, the Bank will offer services fine-tuned to meet its customers’ needs and pursue customer satisfaction to demonstrate management’s commitment to treating customers as top priority. The Bank’s operations will be tailored to clearly reflect its priorities in business and management issues.

The Bank will take advantage of the expansion in its scope of operations allowed in the new Shoko Chukin Bank Act, such as the lifting of depositor eligibility restrictions and the new ability to have subsidiaries, and the Group will work together to provide comprehensive services that will please customers. It also involves in the over-the-counter sales of public bonds; and provision of registration, account management, insurance sales, and other services. In addition, the company provides various services, including trust agency, business matching, merger and acquisition, mail, corporate bond investment, asset securitization, and other related services.

The Bank is fulfill its disclosure responsibilities by publicizing its programs as it moves toward privatization in a timely and suitable manner. The Bank will make greater efforts to communicate with employees to quickly disseminate the new Shoko Chukin Bank’s corporate philosophy.
 

In Japan, the Financial Services Agency (金融庁, Kin'yūchō) is responsible for overseeing banking services in order to ensure the stability of the financial system of Japan. Bank of Japan (BOJ) is not a regulatory authority under the Banking Act, but it conducts on-site examinations in order to maintain a safe and sound financial system. These examinations are based on bilateral agreements between the BOJ and financial institutions that have current accounts with it under the Bank of Japan Act.