Question 1

What is Gifu Shinkin Bank?

Accepted Answer

Gifu Shinkin Bank is a Japanese cooperative financial institution (shinkin bank) operating in Thailand through partnership and collaboration activities. Headquartered in Gifu, Japan, it is the largest credit institution in Gifu Prefecture with extensive branch networks serving primarily small and medium-sized enterprises and individual members. The bank has established international connections to support Japanese businesses expanding to Southeast Asia.

Question 2

When was Gifu Shinkin Bank founded?

Accepted Answer

Gifu Shinkin Bank was established in 1924 in Gifu, Japan. The bank has operated for 100 years, building a strong foundation as a member-owned cooperative financial institution serving the Gifu region. Throughout its century of operation, the bank has maintained its cooperative structure while expanding its services and membership base to become Gifu's dominant credit institution.

Question 3

Where is Gifu Shinkin Bank headquartered?

Accepted Answer

Gifu Shinkin Bank is headquartered in Gifu City, Japan. The head office address is 11 Gifu Kanda-cho 6-chome, Gifu-shi 500-8562, Japan. Gifu City is located in central Japan's Gifu Prefecture, which serves as a hub for supporting industries, manufacturing, and small business enterprises.

Question 4

Where does Gifu Shinkin Bank operate?

Accepted Answer

In Thailand, Gifu Shinkin Bank does not maintain a physical branch but has established collaborative relationships through international partnerships. In December 2016, the bank signed a Memorandum of Understanding with Da Nang Investment Promotion Agency in Vietnam to facilitate Japanese SME investment, demonstrating its Southeast Asian engagement strategy.

The bank's primary operations are concentrated in Gifu Prefecture and neighboring Aichi Prefecture in Japan, where it operates 87 branches serving 156,638 member clients. Gifu and Aichi prefectures form the central region of Japan, home to major corporations including Toyota, Kawasaki, Mitsubishi, and Densho. This industrial cluster specializes in supporting industries for aviation, automobiles, medical equipment, information technology, and tourism.

Question 5

What services does Gifu Shinkin Bank offer?

Accepted Answer

Gifu Shinkin Bank provides comprehensive cooperative banking services including business loans, corporate financing, deposit accounts (current deposits, savings deposits, time deposits), and member services. The bank specializes in supporting small and medium-sized enterprises with working capital, equipment financing, and business development loans.

For individual members, the bank offers personal savings accounts, housing loans, consumer loans, and investment products. As a shinkin bank, it focuses on serving local community members rather than maximizing profits.

International services include support for members' overseas business expansion, trade finance facilitation, and partnership coordination with foreign investment agencies. The bank uses SWIFT code GFSBJPJZ for international transactions. The bank provides investment advisory services and has been involved in financing renewable energy projects and sustainable business initiatives.

Question 6

What makes Gifu Shinkin Bank unique?

Accepted Answer

Gifu Shinkin Bank distinguishes itself as the largest credit institution in Gifu Prefecture, serving a critical industrial region in central Japan. The bank's location in the supporting industries cluster for major Japanese manufacturers provides unique expertise in serving suppliers and small manufacturers in automotive, aerospace, and advanced technology sectors.

As a cooperative financial institution, the bank operates on a membership basis rather than shareholder profit maximization, aligning its interests directly with local community economic development. The bank has taken proactive steps in international engagement, being among the first Japanese shinkin banks to establish formal MOUs with foreign investment promotion agencies to support client expansion overseas.

The bank's main network spans Gifu and Aichi prefectures, positioning it strategically within Japan's industrial heartland where approximately 7 Japanese enterprises in Da Nang, Vietnam, are its clients.

Question 7

What type of financial institution is Gifu Shinkin Bank?

Accepted Answer

Gifu Shinkin Bank is a shinkin bank (shinkin ginkō), which is a type of cooperative regional financial institution in Japan. Shinkin banks are member-owned cooperative institutions that operate under the Shinkin Bank Act, distinct from both commercial banks and credit unions. They primarily serve small and medium-sized enterprises and individual members within specific geographic areas.

Shinkin banks participate in the Japanese banking system through the Shinkin Central Bank, which serves as their central institution for clearing and settlement. Gifu Shinkin Bank connects to Japan's Zengin payment system through the Shinkin Central Bank Center, enabling domestic fund transfers and settlement services while maintaining its cooperative structure and community focus.

Gifu Shinkin Bank

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