Shichitou Shinkumi Bank
in Japan 🇯🇵
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About Shichitou Shinkumi Bank in Japan
Shichitou Shinkumi Bank is a regional credit cooperative (shinyo kumiai) serving Japan's remote island communities in the Izu Islands and Ogasawara Islands. With its headquarters on Izu Oshima, the bank is the primary financial institution for several island municipalities including Niijima, Kozushima, Miyakejima, Hachijojima, and Ogasawara.
The institution holds approximately 125 billion yen in deposits and serves over 11,000 members across its island network. As of March 2023, the bank maintains a strong capital adequacy ratio of 12.03%.
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