Question 1

What is Kyoto Hokuto Shinkin Bank?

Accepted Answer

Kyoto Hokuto Shinkin Bank is a cooperative regional financial institution headquartered in Miyazu, Kyoto Prefecture, Japan. As a shinkin bank, it serves small and medium enterprises (SMEs) and local residents across central and northern Kyoto Prefecture, as well as adjacent areas of Hyogo and Fukui prefectures.

With approximately 586 employees and 32 branches (including one sub-branch), the bank operates under the principle of mutual support and community prosperity. As of March 2024, the bank manages deposits totaling approximately 811.6 billion yen and maintains a loan portfolio of 371.4 billion yen, serving over 58,000 members.

Question 2

When was Kyoto Hokuto Shinkin Bank founded?

Accepted Answer

Kyoto Hokuto Shinkin Bank was originally founded on May 17, 1901. The institution has undergone several significant mergers throughout its history to form the current entity.

In October 1970, it merged with Iwataki Shinkin Bank to become Hoku-Kyoto Shinkin Bank. In January 1996, it merged with Tango Textile Credit Union, Tango Chuo Shinkin Bank, and Amino Shinkin Bank to form Kyoto Hokuto Shinkin Bank. The most significant merger occurred in November 2002, when Fukuchiyama Shinkin Bank, Higashi-Maizuru Shinkin Bank, Maizuru Shinkin Bank, and Ayabe Shinkin Bank consolidated to create the present-day Kyoto Hokuto Shinkin Bank.

Question 3

Where is Kyoto Hokuto Shinkin Bank headquartered?

Accepted Answer

Kyoto Hokuto Shinkin Bank is headquartered in Miyazu City, Kyoto Prefecture, Japan. The head office is located at 2054-1 Tsuruga, Miyazu City, Kyoto Prefecture 626-0041.

The choice of Miyazu as headquarters reflects the bank's commitment to serving the northern Kyoto region, an area that includes both coastal and inland communities.

Question 4

Where does Kyoto Hokuto Shinkin Bank operate?

Accepted Answer

Kyoto Hokuto Shinkin Bank operates across a wide service area spanning 13 cities and 4 counties in central and northern Kyoto Prefecture. The bank also extends its services to adjacent portions of Hyogo Prefecture and Fukui Prefecture.

This extensive regional coverage allows the bank to serve diverse communities throughout the northern Kyoto region, including both urban centers and rural areas. The bank maintains 32 branches strategically located throughout this territory, including a business-focused branch in Tamba City, Hyogo Prefecture, opened in March 2022 to concentrate on commercial lending.

Question 5

What services does Kyoto Hokuto Shinkin Bank offer?

Accepted Answer

Kyoto Hokuto Shinkin Bank offers comprehensive banking services for both individual and business customers. Personal banking services include current and savings accounts, time deposits, installment savings, foreign currency deposits, and negotiable certificates of deposit.

Lending services encompass bill discounting, promissory note loans, certificate loans, overdraft facilities, housing loans, and free loans. The bank also provides investment trust products, insurance products, individual trust products, pension services, and individual-type defined contribution pension plans (iDeCo).

Digital services include personal internet banking, business banking platforms, mobile banking applications for both iOS and Android devices, and electronic payment services (densai). The bank also serves as an agent for the Bank of Japan, handles local government public funds, and acts as an agent for the Japan Finance Corporation.

Question 6

What makes Kyoto Hokuto Shinkin Bank unique?

Accepted Answer

Kyoto Hokuto Shinkin Bank distinguishes itself through its "Regional Revitalization Declaration," which goes beyond traditional financial services to actively support community development. The bank established a Regional Revitalization Business Department in October 2015 to provide comprehensive management support and business consulting to local enterprises.

The bank maintains strong relationships with local SMEs and residents through its cooperative structure, which prioritizes community prosperity over profit maximization. Unlike commercial banks, Kyoto Hokuto restricts lending primarily to members, ensuring resources remain within the community.

The bank actively supports regional development through tourism promotion, environmental protection, and educational initiatives. It also offers innovative programs such as employee side-job authorization to provide human resource support to local businesses, demonstrating its commitment to holistic community development.

Question 7

What type of financial institution is Kyoto Hokuto Shinkin Bank?

Accepted Answer

Kyoto Hokuto Shinkin Bank is a shinkin bank (信用金庫, shin-yō kinko), a type of cooperative regional financial institution unique to Japan's banking system. Shinkin banks are supervised by the Financial Services Agency and operate under the Shinkin Bank Act.

Unlike commercial banks that operate nationwide and prioritize profit maximization, shinkin banks are cooperative financial institutions focused on regional development and member prosperity. Membership is open to individuals and businesses who live, work, or operate in the bank's service area, though companies with over 300 employees are prohibited from membership.

Kyoto Hokuto Shinkin Bank is part of a network of shinkin banks supported by the Shinkin Central Bank, which serves as the central institution for Japan's cooperative banking sector. This structure allows the bank to maintain its local focus while accessing broader financial resources and expertise.

Kyoto Hokuto Shinkin Bank

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About Kyoto Hokuto Shinkin Bank in Japan